MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: jjs_ynot who wrote (11353)	4/18/1999 2:35:00 PM
From: donald sew	Read Replies (2) of 99985

Dave, >>>> Interesting that your forks and A/D crossing correspond to my intermediate term MACD indicators on SPX, HFX, OEX and IIX all about to signal the intermediate term trend (2 to 6 weeks) is about to cross to a down trend. We need a pop within the next 1 to 2 days or the trend is down.<<<< I feel that we will get some sort of pop towards the end of week or early the following week. The question is will that pop cover all the major indexes including the DOT, or will it just be certain sectors. The market internals have not yet started to deteriorate relative to price movement so that is good. However, I have noticed recently that the NEW HIGHs/NEW LOWs have changed direction alot faster than in the past. In the past it could take several days/even over a week for the NEW HIGHs/LOWs to reflect a short-term directional change. Now Im noticing faster changes in that indicator. I suspect that it may be reflecting indecisiveness in the market where there is quick and furious buying when things appear good, and maybe vice-versa. Just a thought. seeya

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