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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Les H who wrote (15574)	6/2/1999 12:44:00 PM
From: Slava Chechik	Read Replies (1) of 99985

Les, Bobby I have the same thoughts exactly. But not only Nutz look bad, major indices such as INDU and COPMX look quite similar to OSX year ago. They are just in the different phases of the decline. I hope I've learn the right lesson in OSX stocks ;>) But there is a possibility of temporary "W" bottom in most stocks quite soon. Daily stochastics and MACD will be on the buy side and then another move down, because weekly MACD did not get oversold or reversed. I have a question. We've had oversold Trin reading for few days now, but no bounce in NASDAQ? Does it tell us that NASDAQ has much more downside ahead? What takes preference TRIN or TICK in case one of them is bearish and the other one is bullish? Any thoughts on NEM, PDG and other golds? Good luck Slava Chechik

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