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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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Nov 19 4:00 PM EST

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To: MonsieurGonzo who wrote (25312)	9/9/1999 7:24:00 AM
From: donald sew	Read Replies (2) of 99985

Steve, As mentioned in the past several times, my CLASS 1 SIGNALs are for the short-term(1-5 days), which try to identify extreme short-term overbought/oversold environments. These signals may or may not turn into something bigger. The normal minimum move off of the intraday highs is 150 DOW points and greater. Only once in about 2.5 years did the DOW move less than that, which was about 75 points on only an intraday move, and I probably had close to about 40-50 signals. So with yesterdays intraday move, the minimum requirement of 150 was already closed to being fulfilled. Now in addition to the minimum requirement, the timing of the response is also key to determine the extent of the move. If the response time is early, then the move could be strong and if it is late the move should be weak. The timing of the response is the next day after I get the CLASS 1 SELL signal. So in this case it should be today but the response was early; therefore implying weakness. This hint would come before any change in the various MOVING AVERAGES. These signals are purely analytical and does not include news items/fundamentals, which if strong enough can change and over ride my signals. So if the PPI is favorable to the market it would minimize the move on my signal. Also my signal was a BORDERLINE CLASS 1 which meant that it could go and extend 1 day. All of the above has been explained in the past several times, and in the past I have received many emails/pms where some have stated how wrong I have been since they assumed that my signals meant moves of 500-1000 points. Sometimes it could turn out that big, but rarely that large. These signals are only for the short-term ripple. seeya

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