Replies to post #8618 on MDA - Market Direction Analysis (MDA)

[augieboo]

COMP CHARTS, part 2.

Weekly RSI confirms that it is, indeed, "different this time."




Andrews says if you haven't been long, then you are probably forked.




Monthly Stochastic & RSI confirm it's a bovine, but not a major new secular bull.




Finally, daily chart shows negative divergences, which must be reconciled before another large up move can begin.

[Justa Werkenstiff]

Augie: Thanks. There is some good resistance at 1934.