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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.72

+0.7%

Jan 5 4:00 PM EST

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To: Les H who wrote (15928)	6/4/1999 9:23:00 AM
From: donald sew	of 99985

Hi, The futures this morning was like a YO-YO after the employment numbers came out. Right now the futures looks like they settled on the positive side before the open, so the market should open to the upside. Per my short-term technicals, the DOW/SPX/OEX closed yesterday in the overbought region so any upswing today will bring my readings closer to a CLASS SELL signal. If we do not sell off today and close to the upside, I am suspecting a CLASS SELL SIGNAL(whether CLASS 1 or CLASS 2 - I dont know) by Monday in some of the indices. seeya

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