MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: stockycd who wrote (7450)	3/3/1999 9:46:00 PM
From: Les H	Read Replies (1) of 99985

Market charts look similar to March 1997. The Advance-Decline line is another matter. Most of the shorter-term moving averages (10, 21, 28, 40) have started on downtrends and are either converging on the 50-day moving average or have crossed below it. The 14-day Wilder RSI has a been trending down for over a month --- most rallies have been contained either by a downtrendline in the price and/or the downtrendline in the Wilder RSI. The Weekly MACDs and Stochastics have all given sell signals within the last week.

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