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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Lee Lichterman III who wrote (23395)8/19/1999 8:15:00 AM
From: donald sew  Read Replies (2) of 99985
 
Lee,

Forgot to mention in my last post of the possibility of the 3-DAY pattern occuring again.

Right now the futures are slighly down and even with fair value factored in it is still not down alot, so we may get a flat day today in light of getting a strong down day yesterday in the DOW. I mention it again since it is common for some or even many to conclude that the selling is over if today is flat.

The economic reports have not yet come out this morning so that could effect whether or not we get that flat day.

Yesterday was DAY-1 of my 3-DAY PATTERN.

seeya
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