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


To: Lee Lichterman III who wrote (12178)4/28/1999 9:11:00 AM
From: Les H  Read Replies (1) | Respond to of 99985
 
I had the reverse situation in the three days prior to the NDX sell-off. The AIQ Market Log is slowly creeping up to an intermediate term top as indicated by the expert signals. The unconfirmed expert signals ratio is 12%-to-88% which is over the -80% overbought threshold. The ratio of expert signals confirmed by the price phase is 37%-to-63% and moving toward the -80% overbought threshold. The latter indicates reversals that confirmed by change in trend as indicated by the 10/49 moving average.