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

To: John Pitera who wrote (46845)	4/16/2000 9:41:00 PM
From: Lazarus_Long	Respond to of 99985

<< The RSI cannot fall below zero so we are starting to run out of room. >> True, but it COULD stick at zero while the market still plunges. <G>

To: John Pitera who wrote (46845)	4/16/2000 11:06:00 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

John, RSI 11.21 is extremely low and all other readings as well,short term buy signal from my system(results can come instantly or can be delayed up to 2 days)- this suggest, short term bottom must be near. On another hand,world indices down, future down, margin calls in progress,no buyers- that means tomorrow down. CONCLUSIONS: I would not be surprised to see at least neutral closing tomorrow or slightly on the upside and rally after tomorrow! Time will show,just watch. P.S.Lower support in action but theoretical as of now. el paradisio