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: Compadre who wrote (11938)	4/24/1999 9:17:00 AM
From: jjs_ynot	Read Replies (1) of 99985

MACD INDICATORS: The longer term daily indicators on the following indices have turned back up and signaled a return to a positive intermediate term trend: SPX OEX HFX The NASDAQ composite (COMPX) has turned up and is about to signal a return to a positive trend if there is no strong selloff within the next 2 days. The internet INDICES (IIX and DOTX) have turned up slightly but have not given a signal to positive intermediate trend yet. The following indices never turned down and gave a trend change indication: RUT VGY INDU So unless the techs fall out of bed it looks like we dodged a bullet.

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