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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Lee Lichterman III who wrote (29657)	10/14/1999 4:18:00 PM
From: donald sew	Read Replies (2) of 99985

Lee, Earlier this morning I got a CLASS 2 BUY signal, but a CLASS 2 can always morph into a CLASS 1. Well the bounce today which was about 200 points on the DOW, fulfilled the minimum requirement for the CLASS 2 BUY signal. So thats done with. At todays close, the DOW/SPX/NAZ are not even in my short-term oversold region but is in the lower midrange approaching the oversold region. So if the market is to continue down the potention downside in terms of time is 1-3 days to get a CLASS 1 BUY signal. Of course if the PPI numbers are good, I would expect some more upside, but I dont think the selling is over. seeya

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