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


To: James Strauss who wrote (729)12/7/1998 10:05:00 AM
From: HairBall  Read Replies (1) | Respond to of 99985
 
James and All: I read my analysis from yesterday and realized that I may have use a word that may have been misleading.

Intraday Analysis Conclusion

The Market as measured by DJI will most likely have a brief consolidating pullback and then return to trending down in a few days, if not sooner. The NAZ and the RUT are signaling a divergence, which seems to be the case as of late. I have no definitive read on this divergence.


I meant a pullback from the current intraday trend, which is down. However, some may interpret this as meaning down, when in fact I meant a consolidating rise.

BWDIK
Regards,
LG