Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (17882)	6/19/1999 8:33:00 AM
From: jjs_ynot	Respond to of 99985

MACD UPDATE This update reviews the intermediate market trend (2-6) weeks based on MACD indicators. This link provides the reference for the index symbols: cbs.marketwatch.com SPX - Turned positive (positive crossover buy signal) on Thursday after 9 weeks of downtrend and one failed bounce from below a "0"point. Penetrated the "0" line of resistance. OEX - Turned positive / buy signal on Wednesday after week 8 weeks of downtrend. RUT - Down for the fourth week but has flattened. INDU (DOW) - Turned up but has not had a positive crossover yet TRAN - Flattened below 0 after 4 weeks of downtrend. COMPX (Nasdaq) - Oscillated below "0" after an 8 week old down move before giving a buy signal on Thursday and moving up through "0" up from here would give a buy signal. NDX - Same as COMPX. Buy signal on Wednesday. IIX - Has turned up after a downtrend for 9 weeks. Appears about to give a buy signal. DOT - Has turned up after a downtrend for 10 weeks and is close to a buy signal. BKX - Gave a buy signal on Thursday after a downtrend for 6 weeks. XAU - Down for 6 weeks. About to give a buy signal. HFX - Buy signal on Friday after a downtrend for 4 weeks. DRG - A failed buy signal deep in negative territory last week was followed by a second buy signal this week. MSH - A 1 week uptrend failed and recovered to give a second buy signal SOX - A strong uptrend in place for 3 weeks. UTIL - An 8 week uptrend the utility average has been sitting on a sell signal for the entire week. TYX - At the point of giving a negative crossover (sell signal on rates and buy on bonds) As previously stated, market reaction near supports was important. Technical supports held this week and as important strong downtrends were negated and turned up. The strength required to make this sort of turn suggests that we are in a new bull move. We may have entered a trading range at this level, however the odds somewhat favor a move up. Turning up from below "0" often implies a bullish trend has developed. The market did not get as oversold as it had gotten overbought in April. The impending sell signal on TYX is a tremendous positive for the market. Risk on the long side is very small at this point, especially in comparison to the situation that we were in just 2 weeks ago. Good trading.