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

To: Zeev Hed who wrote (76951)	5/13/2001 11:51:47 PM
From: Mike M	Respond to of 99985

Zeev, what about the recent crossover of the weekly COMPX MACD for the first time since Oct 99...It tried unsuccessfully twice in 2000 and again in January. This time it has clearly crossed suggesting more to come. It seems early to be calling for a significant correction. Take a look at the daily MACD for CIEN...I know you don't follow the stock but the fast line seems to refuse to turn. The weekly is intersecting as we speak. The 60 min is turning as if to cross upward...tough to figure which one to pay attention to... :o)