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

To: John Pitera who wrote (4079)1/15/1999 2:46:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
John Pitera: Have you notice how nicely the DJIA has rallied off of its 50 Day MA the last 2 times we have hit it. first on Dec 14-15 and then yesterday and this morning, the 50 Day MA

Yes, I noticed...<g>

Regards,
LG



To: John Pitera who wrote (4079)1/15/1999 2:53:00 PM
From: Debra Orlow  Read Replies (1) | Respond to of 99985
 
John, it has been hovering near resistance for some time now. Usually when this happens, it then breaks over it. We'll see.

There is a slightly bearish macd divergence happening on the SOX on the 5-minute charts. But nothing on the other majors.

>>edit, just broke over


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