MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: KM who wrote (12402)	4/29/1999 12:58:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

KM, just looked at the chart, they seem to bounce around between their 10 & 20-day moving averages in a sort of consolidating period. usually this presages a strong move. i'm inclined to speculate that it might be a move to the upside, due to their recent upside bias and great relative strength. their 10/20-dma's had a bearish crossover though. to think i shied away from them at 72, way back when.... regards, hb

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