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


To: sean sanders who wrote (27940)9/29/1999 11:04:00 PM
From: Daveyk  Respond to of 99985
 
Stochastics supports your argument.Notice how fast is curling over already;lower highs and lower lows.Click on stochastics after loading chart.Other indicators including macd are telling a story also.
equis.com
Best,Dave



To: sean sanders who wrote (27940)9/29/1999 11:32:00 PM
From: J. P.  Respond to of 99985
 
The 200 DMA has been strong support for about the last 5 years. We did dip below last October, but for good reason because the Long Term Capital Management fiasco was no joke.

finance.yahoo.com^DJI&d=5ym

Only the man upstairs knows for sure, but I'm betting the 200 holds up fairly well on the Dow and SP 500, and the Nasdaq drops down to it, another 200 point fall. But I do like seeing all the negative sentiment, it's really what's needed here.