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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: Matthew L. Jones who wrote (24346)	9/1/1999 8:49:00 AM
From: donald sew	Read Replies (2) of 99985

Matt, >>>> BTW, We are statistically only about 1/2 way through the minimum 7% retracement minimum (extent) and less than half way in terms of duration. I'll vote for the good old gap and trap. <<<< I also agree that this pullback is not over, but I am suspecting some sort of a pop to the upside. How long and to what extent that pop lasts Im not sure, and I would not be surprised that this pop takes the market close to the recent peak in some of the indicies, not all. The 3-CROWs was mentioned in a previous post. Actually, on the DOW it is an IDENTICAL 3-CROWS, which is more negative than just a 3-CROW. Some may argue with me, but it is one of the most significant and reliable downward reversal signals. Again some may argue with me, but I feel that the 3-CROWs/IDENTICAL 3-CROWS patterns are hints of a significant change in sentiment. I feel the only way to negate it is for the DOW to set NEW HIGHs immediately, and I dont mean in the near future either. litwick.com seeya

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