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


To: Casaubon who wrote (62233)11/11/2000 7:25:59 PM
From: eichler  Read Replies (1) | Respond to of 99985
 
Yes, perhaps so. From the look of the daily chart, it
could well take 2 days for stochastics to run down into
oversold range. ADX -DI has peaked but still has further to
go to produce a crossover signal with +DI, +DI has not turned
up yet either. Fridays black stick suggests further downside.
I guess to put it mildly, for Friday to turn out as a short
term low would be a longshot. As I mentioned, I can see no shred of evidence to show otherwise.
A bit of Good Luck would be the right prescription!
Thanks.
Regards,
Eichler