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

To: j.o. who wrote (15445)5/31/1999 5:11:00 PM
From: bobby beara  Respond to of 99985
 
j.o., ok i can buy the possibility that we are in 4, but if so i believe most of the downside money has been made with the momentum thrust into 5/26 for this segment of the correction. A market that has reached 9 day rsi of 27 and bounced is not to be played on the short side imo.

but i am still leaning in the direction that the retest the next day was wave 5 when the margin players got flushed out.

iqc.com

notice the momentum divergences on the retest.


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