MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: Benkea who wrote (29306)	10/13/1999 7:55:00 AM
From: donald sew	Read Replies (3) of 99985

Benkea, Although the futures are down strong, I have to wonder how option expiration week may limit the downside. Heck, the market could sell off very hard right now, but I would not be surprised if the the selling over the next few days may not be as strong as many think. If that is the case, of course we will hear bullish comments saying that the follow-thru to the downside is weak. However, we need to remember that we have some important economic reports. If the selling is weak, I think the key to watch is the market internals especially the NEW HIGHs/LOWs. If the selling is weak, but there is no or very small improvement in the NEW LOWs, that would imply that the selling should continue/intensify with news permitting. seeya

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