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


To: James Strauss who wrote (11171)4/15/1999 9:33:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 99985
 
Wow on those transports! When they confirm the Dow will melt up. Amazing. Thanks for pointing that out.



To: James Strauss who wrote (11171)4/15/1999 10:39:00 PM
From: HairBall  Read Replies (2) | Respond to of 99985
 
James Strauss: Thanks for posting those charts. Some of the same charts I look at almost every day. And, they help you make your point.

It is good to see you posting on this thread again. MDA needs opposing views and you always support yours with analysis and it is appreciated.

Post more often...<g>

Regards,
LG



To: James Strauss who wrote (11171)4/15/1999 10:58:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
That chart doesn't distinguish between the close and the intraday high today. When the market started coming back, the DJT closed about 2% off the highs of the day.



To: James Strauss who wrote (11171)4/15/1999 11:32:00 PM
From: chuck weir  Read Replies (1) | Respond to of 99985
 
Jim, the McClellan osc is above 100...suggesting short term overbought.....14-day RSI on the SP500 touched 70 and turned down...
stochastics on sp500 crossed over indicating short term sell...
Smells lower to me.
Chuck