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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.310.0%Nov 12 4:00 PM EST

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To: dennis michael patterson who wrote (27050)9/24/1999 12:06:00 PM
From: donald sew  Read Replies (2) of 99985
 
Dennis,

Subjectively feel that downside capitulation has not yet arrived. If the NAZ/NDX continues down I will have a CLASS 1 BUY signal on the NAZ/NDX on MON/TUE. I already have CLASS 1's on the DOW/SPX. In light of the NAZ not at the CLASS 1 level yet I will wait till Monday before going long for a short-term scalp trade.

As for a BLACK MONDAY, subjectively this negativity may brew over the weekend and we may get capitulation on MONDAY. I wont doubt the possibility.

Seeya
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