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

To: Michael Watkins who wrote (48716)	4/30/2000 1:39:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Mike: Using an intermediate term MACD reading, as you stated, does show improvement: charts.barchart.com Going back to 1998 and using the fast MACD shows the signal in October... That signal which led to the advance to 5000 was not as strong as the current signal... charts.barchart.com There is a possibility of a test to the downside at 3600, but that seems less likely today than it did on Thursday... Jim

To: Michael Watkins who wrote (48716)	4/30/2000 1:42:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 99985

Michael just peeked at the P&F of the NAZ... 3900 would be a double top buy signal...on both the 50 and 100 box charts... with a rising bottom here...if it makes a lower top? it would probably hit 4300/4400 or so..4400 being resistance.... but we first have to print 3900...<G>... on the SPX, there's resistance at 1500 on P&F 15 box chart, the bearish resistance line<G>... lots of whackie looks if you ask me...the Daily SPX chart looks like a hugh triangle, and we're right there...bingo!!! we either move up or down from here... however, i can not see the NAZ moving up if the semis are not participating, as so many think right now... the nets and bio techs are ready to rumble...so who knows.. i think we daytraders..should just keep on doin' what we're doin...and stop thinking period... DOH!!!!!..hahahahahahahah