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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.04

-1.7%

Nov 13 4:00 PM EST

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To: donald sew who wrote (25339)	9/9/1999 11:37:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

Normal pattern I usually see on the TICK chart ( I usually watch the 3 minute as a main stay of my trading) is a trend up like this with a down spike once it reaches a high area such as 400. It will then spike down hard for a few cycles then resume it's up trend. If this pattern doesn't materialize then it will top and start grinding down the other way. This second pattern would be the best for your sell signal since it usually accompanies a change in over all trend for the indices where the first scenario allows a relief of short term over bought pressure and a resumption of the up trend. I have found over time that the TICK tends to follow the same support line rules etc as normal price charts. (Now I ma giving away all my secrets <g>) Many people find this not useful at all but I can not trade without it and the trend of the TRIN and TYX. I was looking to enter here in the 710 area but my lawn guy just showed up and I missed my entry while talking to him. Hope we get that 711 area so I don't miss out. Good Luck, Lee

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