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


To: donald sew who wrote (9579)3/31/1999 1:08:00 PM
From: Ramsey Su  Respond to of 99985
 
Donald,

did you notice how high TRIN was all day so far, not quite in line with the flat market?

The only explanation of big boys winding down for long weekend. With Kosovo and other events dangling out there, I don't blame anyone for being in cash and worry about what to do on Monday.

Ramsey



To: donald sew who wrote (9579)3/31/1999 2:41:00 PM
From: Stoctrash  Respond to of 99985
 
Don,
SRV indicator(s) is now in SELL territory as of yesterday...and actually the NYSE/SPX one turned down yesterday. NDX/OTC one it still rising...but very overbought. I'll update them tonight and send them to Monty.

Moral of the story,,,start selling!!! -- unless this is a new leg up which I doubt!!

BTW...PSTOP.60 on the SPX got short earlier too.
(see the Systems thread)



To: donald sew who wrote (9579)3/31/1999 3:20:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
Market Warning!!!

New Lows are expanding...
decisionpoint.com

Also note that New Highs are contracting...

This is more indicative of a top than a bottom... We should see a short term correction...

Jim