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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

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To: James Strauss who wrote (50907)	5/16/2000 12:22:00 PM
From: el paradisio	Read Replies (3) of 99985

James, 25 points is my target for today and rally in progress. I just want to share with you some of my observation form the last Sunday. After Fri close,I had a discussion with Patron de.. and we did agree that we are just missing the last candle to finish a bearish engulfing on Monday. I did the balancing on about 50 stocks and other indicators and the balancing was not negative,however a buy signal was almost gone. I went to NDX daily once again: siliconinvestor.com You can clearly see an inverted hummer on Friday,that means "mark" of the bottom....still probably... I went to VIX on 10': askresearch.com What you see at close on Fri is also inverted hummer but on the top. The only missing was...the confirmation of the good volume. el

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