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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Bald Man from Mars who wrote (33402)	11/14/1999 7:22:00 AM
From: donald sew	of 99985

Bald Man, >>>>> The MMs are going to gap up Monday morning to accomodate the bulls, so there is nothing left after the open, expect the market to turn down 30 minutes after Monday's open ... class 1 sell signal <<<< From my calculations a 5-10 point move in the SPX would create a CLASS 1 SELL signal. Im suspecting also that the high for the day could arrive in the morning. Here is something interesting I noticed with the NAZ. The NAZ moved about 100 points from its intraday low-high without gapping in the direction of the trend. I checked back to JAN and in most of the cases of a 100 move in the NAZ it was within a day or two(+/-) of a short-term reversal point. In a few cases it meant continuation. The Candlestick formation was a DRAGONFLY DOJI where the open and close were about the same with an extremely long lower shadow. These formations with long lower shadows(dragonfly doji/hanging man/hammer/paper umbrella) are commonly found at reversal points in both directions. seeya

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