MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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To: Lee Lichterman III who wrote (8967)	3/24/1999 7:04:00 AM
From: Monty Lenard	Read Replies (1) of 99985

Lee, They are not what I would call leading indicators but more of a lie detector test for the market. In other words, when the market is making new highs or new lows and these are not confirming the moves. You will notice that they keep making higher lows and have been bouncing off the trend line since October. If they break the trendline I would say that we are in for a serious selloff. FWIW Monty

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