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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: donald sew who wrote (16133)6/5/1999 7:27:00 PM
From: jjs_ynot  Read Replies (3) of 99985
 
MACD UPDATE

Intermediate trend (2-6 weeks)

TRAN - Still trending down strongly
Dow - Down trend has flattened but no buy signal
SPX - Turned up slightly after a number of down weeks, no buy signal yet
OEX - Turned up slightly near 0 after a number of down weeks, no buy signal yet
NAZ - Flattened but no buy signal
NDX - Turned up slightly after a number of down weeks, no buy signal yet
SOX - has turned up and is at a point of giving a bullish crossover
MSH - Has turned up / no bullish buy yet
DOT - Still trending down
IIX - Still trending down
BKX - Appears to have flattened out
TYX - Turned back up no sell signal (buy signal on bonds) yet
HFX - Flattened out
DRG - Appears to have just given a bullish buy signal
RUT - Moving down appears to have flattened
XAU - Has flattened out in a down trend
UTIL - A long uptrend has flattened out

We may have found some support. It will be important for the market to hold or improve from these levels to give buy indications withinthe next week.
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