MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (28535)	10/6/1999 11:39:00 AM
From: donald sew	Read Replies (3) of 99985

Heinz, SECTOR ROTATION is still alive and well. The DOT.X has broken above the 62% FIBINOCCI REBOUND LEVEL and GE is already near its all-time highs, to speak of a few. Now I starting to get the feeling that if the market doesnt set LOWER LOWS this month, that blow-off top you have been speaking about may come and possibly start with/near the SANTA RALLY seasonal period. On the other hand that DESCENDING TRIANGLE should break to the downside, but if it doesnt it could support of a strong rally. Im really not one to call the big moves but I cannot ignore the seasonality of the XMAS RALLY even if it is occuring at the end of the 9-month cycle. seeya

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