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


To: donald sew who wrote (12253)4/28/1999 2:46:00 PM
From: Lee Lichterman III  Respond to of 99985
 
LOL, I also forgot to note that those flags I am seeing are on the equivilent of the 60 minute chart (although I use 78). The indexes that were flagging overbought appear to be just backing off slightly and threatening to break out to new highs.

Of course everytime I get bullish, the market crashes. I haven't made up my mind weither to follow my chart's signals and buy puts or follow my TA eyeball and get calls on the flags.

Anyone follow the dollar during the day? I am curious as to where it is since as of yesterdays close, it was still caught in that wedge. Yahoo doesn't recognize DXY as the US Dollar index for some reason.

Good Luck,

Lee