MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: bearshark who wrote (15204)	5/27/1999 11:42:00 PM
From: Vitas	Read Replies (2) of 99985

Shark, you may be able to filter your signals based on a downward thrust by the stochastic rsi 8-5. Look for it going below approximately 15. This indicates an abnormal out of range condition which usually indicates a sustained move in the market, even if it pops back up above the 15 level. See August 97, October 97, Dec 97, June 98, July 98, Oct 98, and now. The Bollinger band is the lower band. Usually the market stops at the lower band upon the above condition, rallies 2-3 days, the plunges. However, we are now below the lower bb band. About the only potential positive for the market that I can see is that the a-d line has pulled back to about 500 a-d's from the downtrendline trendline that it broke above recently. Vitas

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