MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.21

+0.2%

4:00 PM EST

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To: Benkea who wrote (28407)	10/5/1999 10:44:00 AM
From: donald sew	Read Replies (2) of 99985

Benkea, Just got CLASS 1 SELL signals on the DOW,SPX,NAZ. The CLASS 1 SELL signal on the NAZ is weak so it may be off by 1 day. The BUY-IN window(not considering the FOMC announcement) is anywhere from now until tomorrow's highs. The timing is fitting right in with the FOMC announcement. If rates are not increase and no change in bias, we could see a violent rally the may not last long and with the short-term top arriving WED/THUR(NAZ). As to the size of the pullback based on no rate increase/bias is an unknown for now. So if that is the case, wait for the pullback before going long since the market is already so close to the short-term top. If the news is bad, Im going short right at the announcement, since the downside potential is good in light of my short-term techs being so high. Theres quite a bit of downside room per my short-term techs. seeya

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