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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.33

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Jan 21 4:00 PM EST

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To: Challo Jeregy who wrote (24247)	8/31/1999 11:06:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

>>New cyan-colored arrows - indicating s/t buy and sell points?<< Yes. I added a short explaination inthe area near the bottom of the main page but basically they are scalping indicators. EXTREME short term only, one day type plays although they can go longer. They just show when a bounce is highly likely but are only good for like I said, extreme short term. They are fairly new and I have been playing with them a little but not long enough to get a really good feel for them. In other words, was this morning's bounce it for the DOW and others ones that triggered or will there be more???? Also since yesterday was down so hard and these work best in a normal activity type market and especially in range bound ones, could some of them be negated. In back testing, they did very well except for some strong down periods and a few strong rallies off say the October lows last year. They aren't bullet proof but they did catch many of the swings the other indicators missed. Good Luck, Lee

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