MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Challo Jeregy who wrote (29152)	10/12/1999 11:29:00 AM
From: donald sew	Read Replies (1) of 99985

Challo, Although, the DOW is down over 100 points, Im still not expecting a strong selloff this week, unless assisted by some bad news, since this is still expiration week. I checked the economic calendar, and did not realise that the PPI will be coming out this FRIDAY. As I have always stated, news/fundamentals, depending on strength, can over-ride the technicals. Im more inclined with a ZIG-ZAGGING pattern with a slightly down bias, unless we get bad news which would intensify the downside. And SECTOR ROTATION will still be quite active. After this week, I feel that the downside should intensify. seeya

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