MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.58

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Nov 5 4:00 PM EST

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To: HairBall who wrote (1)	12/3/1998 6:33:00 AM
From: William H Huebl	Read Replies (3) of 99985

LG, Congrats. On the BK I posted that the bottom should come Friday but might have been as soon as yesterday. With Globex down the equivalent of 80 DOW points this am, looks like Friday might be the day. My 4 day forecaster (proprietary) tells me that. VGY almost looks like it is trying to fill out a H&S neckline. That sounds ominous. With an up week next week the end could come as early as mid Dec 1998... for a possibly VERY strong sell-off. How can you tell market direction? While long term MAs help to a certain extent and the TEMAs (triple exponential smoothed MAs) are perhaps more responsive, using the Universal Oscillator, TRIX and even the Accumulation Swing Index can help. Right now these are telling me we are in a pull-back and not a reversal in market direction. HOWEVER, we get a VERY strong sell-off in mid-Dec, and that may change everything. Watch this space and remember, BWDIK? Good luck, Bill

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