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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: pater tenebrarum who wrote (19925)	7/12/1999 11:24:00 AM
From: donald sew	Read Replies (1) of 99985

Heinz, I had many of indices at CLASS 2 SELL/borderline CLASS 1 SELL levels for today per my latest update. I was suspecting a clear/strong CLASS 1 SELL signal if the market is to close at todays highs. However, with the current intraday weakness, are we seeing a response to a CLASS 2 SELL signals or just a blip to today. If it is a response to only CLASS 2 SELL signals, such implies that the pullback could be strong. Similar to a early response to a CLASS 1 SELL signal. This is based on statistical studies I made. Obviously, the economic reports will have strong influence on the direction. I guess what I am saying is that if the economic/earnings news are not good then the forthcoming selling could be larger than some may expect. Im still not saying a huge selloff, just larger than expected. Its interesting to note that the DOT.X is lagging the NAZ. Also, the DOT never got to CLASS SELL levels, per my short-term analysis, but is selling off harder than the NAZ on a percentage basis so far. seeya

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