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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.85-0.4%Dec 29 4:00 PM EST

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To: HairBall who started this subject9/26/2000 9:29:44 AM
From: Temple Williams  Read Replies (3) of 99985
 
Start chart today. fwiw. sellnow.net

The market looks as if it will have no gap this morning, or at least not much of one. Because the trend remains neutral, I am in scalping mode. Short, quick trades (if at all), based on what I use to enter trades: signals (stos, rails, trend, filters (EWave, safe trading territory), and hints (DTs and DBs, Weenie Gaps, Opening Gaps, etc.).

I will wait for the trend to turn solidly bullish or bearish to determine my daytrading stance, although the market could, at this stage, produce a stretchmark of indecision for the first two hours while the market sorts out the buyers and sellers. If that occurs, then the market will probably fall when the stretchmark concludes.

Trend discussed at sellnow.net
Safe Territory discussed at sellnow.net
Stretchmarks discussed at sellnow.net
Glossary of terms at sellnow.net
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