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

To: James Strauss who wrote (23336)8/18/1999 6:04:00 PM
From: briskit  Read Replies (1) | Respond to of 99985
 
The one crossover missing that bothers me is the NYA.X, which is at the 100 dma but below the 50. Everything else is testing April/May highs as resistance right now. Today's close on the DOW looks just like the day after the May high, at the low of the day. So far the DOW and COMPX can't push through, and the NYA.X is nowhere near to lend a hand up. The majority of stocks might not be along for this most recent joy ride up. MD



To: James Strauss who wrote (23336)8/18/1999 6:08:00 PM
From: TWICK  Read Replies (2) | Respond to of 99985
 
One stock that I trade that appears to mirror the DOW is DST. Have noticed the same stats when checking its chart, more or less. www3.techstocks.com

Twick



To: James Strauss who wrote (23336)8/18/1999 7:35:00 PM
From: NewKit  Read Replies (1) | Respond to of 99985
 
<< The McClellan Summation Index is flattening out into a bottom formation... >>

Could it be doing something like 0898? Flattening and turn down.


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