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


To: J. P. who wrote (7699)3/8/1999 1:09:00 AM
From: David  Respond to of 99985
 
J.P.

>>Mid-June, 1998...In both instances bond yields had moved up<<
What I see from the chart is that yield trend was down then but
is up now. Just check daily 50MA.

Another point I would like to make: Starting 1994, EVERY MAJOR
UP LEG on SPX was preceded by NEGATIVE WEEKLY MACD
(MACD < 0). However, MACD has never reached negative territory
since last major leg up (last October).

So I don't know...

D.