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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: bobby beara who wrote (29100)	10/11/1999 8:39:00 PM
From: donald sew	Read Replies (1) of 99985

Hi, Besides my CLASS 1 SELL SIGNALS: decisionpoint.com The NAZ is right at the upper trendline of the BEARISH WEDGE, so if the patterns holds, we should see a pullback to the lower trendline of the wedge. What is interesting is that the APEX of this wedge is around late OCT/early NOV. It has been my experience wedges resolves prior to the APEX, so I dont think we have to wait till early NOV. decisionpoint.com The 10-DAY TRIN is now entering the OVERBOUGHT region. The 5-DAY TRIN has been below/around 4.00 for 3 days already. I suspect that the TRIN will start to move up very soon, as soon as tomorrow. decisionpoint.com Per my short-term technicals, I had a CLASS 1 BUY on the VIX, and per the chart it appears that the VIX is near buy territory(inverse relation) again. We got another LONG-LEGGED DOJI again in the DOW/SPX. The last one did not work well. So there was indecision today in the SPX and DOW. FIBINOCCHI REBOUND RANGE(38%-62%): DOW = 10569-10878 SPX = 1318-1357 The DOW & SPX are right now in the middle of FIB REBOUND RANGE. The OEX MAX-PAIN is still near 685, and the OEX is already about 15 points above it. Ive noticed that the common maximum divergence is about 15-20 points. Since it is expiration week, I am not expecting any strong selloff to occur this week, but if a stronger selloff does occur, I feel that it would have a better chance next week. seeya

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