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


To: bobby beara who wrote (57971)8/9/2000 2:06:04 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Cisco chart - negative divergence with lower low (reverse wave or negatively expanding pattern on the daily chart)

markets.tradingtech.com

I have 83 percent sells. It improved yesterday from 90 percent on Monday which indicates the run yesterday was concentrated in fewer of the S&P 100. The general universe of stocks (to which I added 40 recent IPOs from June) was at 84 percent buys last Monday and is down to 58 % yesterday in 7 days.



To: bobby beara who wrote (57971)8/9/2000 2:07:28 PM
From: Saulamanca  Read Replies (1) | Respond to of 99985
 
Bobby, Similar bearish flags on the OEX, SPX, BTK, RUT. The flag on the S&P 400 looks like it has morphed into a rising wedge.

Some stocks that look like they are putting in bearish flags:
ALTR, AMGN, AMSC, ARTG, DITC, FLSH, DELL, and SDLI.