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


To: Monty Lenard who wrote (8308)3/16/1999 7:44:00 PM
From: HairBall  Respond to of 99985
 
Monty: I sent you a one time only DecisionPoint Chart with annotations for the site. I hope you don't mind it being late.

It illustrates some observances I made in the weekend update.

The NYSE Advance Decline line continues to not support the move up. The Mac Summation found support and turned up a few weeks ago, but I expect it to find resistance in the next 2/4 weeks and will begin to roll back over heading down once a gain. The Mac Osc is already showing signs of resistance and the 10% is at its descending resistance line.

Note: The A/D line is rolling over, the McOsc is rolling over and the 10% indexes is rolling over at the zero line.

Regards,
LG