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


To: Casaubon who wrote (11607)4/20/1999 9:21:00 PM
From: Les H  Read Replies (1) | Respond to of 99985
 
Those statistics that I posted relate to the S&P 500. The Nasdaq 100
tonight has a different 'spin'. I suspect more tech movement up
to perhaps the 21-day MA.

9-day RSI 11% had positive crossover of 30 versus 1% negative of 80

21-day RSI 4% buy signals vs. 2% sell signals

9-3 Stoch 6% vs. 2%
14-3 Stoch 8% vs. 2%
21-3 Stoch 9% vs. 2%

These are fairly mild for a day on which the Nasdaq goes up 60 points.

Normally, I would expect well over 10% buy signals triggered on
several on them.