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


To: Haim R. Branisteanu who wrote (29136)10/12/1999 10:02:00 AM
From: Les H  Respond to of 99985
 
Most of my new buy signals are in the oil sector. Many of those stocks bounced off the 200-day moving average yesterday. The OSX index gave a 14-day RSI and a 21-day Stochastic buy signal yesterday. Oil&Gas - Field Svcs, Oil&Gas - Machinery, and Oil&Gas-Drilling composite groups all gave the same buy signals. AIQ gave buy signals in BHI, DO, NBR, RIG, TDW, and WFT.

The database overall has a low proportion of buy signals, 29 percent, versus new sells.

Can the Nasdaq make it seven in a row?