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

To: uclatrader who wrote (6395)2/16/1999 10:42:00 AM
From: The Ox  Respond to of 99985
 
Are looking at the same market? Tired? One hour into trading the DJIA is up 76, slightly down from it's high which was a meteor open move. You are correct that the close will tell us more but I don't see a tired market.

What indicators tell you this market is tired? I am curious.

TIA,
Michael
PS....thanks to Monty, LG, L3, and Gersh for the charts. Excellent thread! (edit and don too!)
/



To: uclatrader who wrote (6395)2/16/1999 10:54:00 AM
From: Challo Jeregy  Respond to of 99985
 
Shuo, I don't know about tired, but it does look sick.

Fifteen minutes after open, I saw DJI jump from 85 to 98. Just like that - 85, then 98. OK, I thought. Someone just opened. Normal.

Then, at 10:20, I saw just the reverse. It jumped from 102 to 92!

What would cause this? One huge trade or what!!????

:o(


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