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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Jerry Olson who wrote (24098)	8/29/1999 7:08:00 PM
From: donald sew	Read Replies (1) of 99985

O.J. Although I have turned a bit more bearish recently, I am not calling for a big selloff, nor a big runup. I will just stick to my trading range trend - its safer that way for my style of trading which is short-term swing trading(playing the ripples). For discussion only, I would feel that it would not be prudent to simply discount the possibility of a huge runup or selloff. Right now most of the indices have set LOWER LOWs and LOWER HIGHs, with the exception of the DOW and maybe a few other indices(havent checked them all). So keeping it simple, those are mixed signals. When I get mixed signals I simply go with a trading range and play both sides. If Im wrong Im still in the market in both directions and hopefully I will be able to extend my gains. Normally I dont, since I normally get out too early except for this last trade. ggggggggg seeya

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