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


To: Compadre who wrote (11938)4/24/1999 9:17:00 AM
From: jjs_ynot  Read Replies (1) | Respond to of 99985
 
MACD INDICATORS:

The longer term daily indicators on the following indices have turned back up and signaled a return to a positive intermediate term trend:

SPX
OEX
HFX

The NASDAQ composite (COMPX) has turned up and is about to signal a return to a positive trend if there is no strong selloff within the next 2 days.

The internet INDICES (IIX and DOTX) have turned up slightly but have not given a signal to positive intermediate trend yet.

The following indices never turned down and gave a trend change indication:

RUT
VGY
INDU

So unless the techs fall out of bed it looks like we dodged a bullet.



To: Compadre who wrote (11938)4/27/1999 12:34:00 AM
From: Vitas  Read Replies (1) | Respond to of 99985
 
Jaime, thanks - do the indicators you referred to have a tendency to
exhibit certain patterns that foreshadow a strong sustained move, in either direction?

Vitas