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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

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To: Stephen who wrote (33510)	11/16/1999 12:33:00 PM
From: donald sew	Read Replies (3) of 99985

Stephan, Im expecting selling on the news. I got a CLASS 1 SELL signal on the SPX yesterday, but not yet on the DOW. Even if the news is good the upside should be limited unless the whole market technically breakout. Thereafter some selling but not much which should be another buying opportunity. So we could see a kneejerk reation to the upside if the news is good for maybe another day, then some selling. I think immediate selling would occur if the bias is not eliminated. seeya

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