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


To: donald sew who wrote (12722)5/3/1999 1:28:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 99985
 
Has anybody noticed that a penetration of the OEX or SPX 13 SMA the second day usually trades at ~ the same intraday low? We penetrated the 13 SMA on Friday and closed on it.

Jeff



To: donald sew who wrote (12722)5/3/1999 1:28:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Don:

Rotation is the key here...

This means that money is remaining in equities rather than shifting to bonds or money market... This is a good thing for the market...

Jim