MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

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4:00 PM EST

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To: dennis michael patterson who wrote (28910)	10/9/1999 11:34:00 AM
From: Les H	Read Replies (1) of 99985

I see a little more upside left, perhaps several days (2-3) out of the next week. My ratio of signals have dropped down to 31% buys. It usually will run the gamut from 20% (broad market overbought) to 80% (broad market oversold). The recent rally in beaten down groups has helped it to approach the lower end. As with the recent comments about rotation, I see a lot of oscillator (stochastic) buys and sells on any given day, not just a preponderence of stocks reversing up or those reversing down. Usually, on a strong up day, I would see a strong ratio of reversals up to down.

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