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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: GROUND ZERO™ who wrote (9778)4/4/1999 2:38:00 PM
From: jjs_ynot  Read Replies (1) of 99985
 
We are at a critical juncture in the market (aren't they all?).

THe A/D is nearing zero from below. The S&P 500 and other indices are rapidly converging with their 50 DMA. The intermediate trend is slightly down at the current time.

We are either going to have a break to new highs or a decent correction in fairly short order.

The ability (or lack thereof) to move A/D above 0 may tell the story.
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