MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: bobby beara who wrote (7947)	3/10/1999 9:42:00 PM
From: James Strauss	Read Replies (1) of 99985

Bobby: Very revealing McClellan Oscillator chart... The number of stocks above their 40 day MA has climbed over 40%... The number of stocks above their 200 day MA has climbed above 34%... VIX is under 30%... These are all conducive to rising markets... So, for at lest the short term, we should see more upside... The oil services sector is exhibiting the best relative strength... Stocks like RDC and GLM have strong relative strength patterns... Jim

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