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


To: Ms. X who wrote (22039)8/4/1999 1:17:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 99985
 
Ms. X,
I speculated on another thread that the reason that we probably get that bounce after the NYSEBP reverses down, due to a short term oversold condition (not necessarily discernable with P&F). It would seem to follow that we would need to have some selling to get the NYSEBP to reverse. I imagine that the concept works when it reverses up to. Your opinion?
JXM