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


To: HairBall who wrote (8975)3/24/1999 9:10:00 AM
From: Arik T.G.  Read Replies (2) | Respond to of 99985
 
List of indicators supporting a big correction in the coming weeks:

-MFs cash levels
marketgauge.com
This one has been signaling for two years already, so no ST conclusions can be made.

- A proof that the recent highs were the result of a short covering rally
marketgauge.com

-Short interest on NASDAQ big caps has been declining to significant lows. MSFT the most conspicuous
viwes.com

- PCI crash indicator on crash alert
wwfn.com

- Dow Transports fails to confirm Dow Industrials new highs.

- very high New Lows numbers even as the SPX made new all time highs last week.

- NASDAQ failed to reach new highs and turned back sharply

- Russell 2000 broke neckline of a H&S pattern. Target 348.

- NYA failed big inverse H&S (neckline at 616.5)

- London FTSE failed same inverse H&S earlier (neckline 6250)

- A Zillion overlaps on the SPX rally from 3/10

Anyone care to enhance this list?
9 months cycles... Bradly tps....

ATG