MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (18186)	6/22/1999 4:47:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Haim, a shooting star appearing after a significant rally indicates a minor reversal - some of the gains will be consolidated while the bond is trying to find a bottom. i expect heavier selling to hit the market following the FOMC decision by the end of june. until then we may see some more strength. the McC oscillator needs to recross zero to give another sell signal, i don't think it has done so today. judging from it's recent behavior the next sell signal will probably be given just as the market is about to turn up again..<g>. regards, hb PS: we are in GAGA land - and may remain there for a while yet.

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