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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%4:00 PM EST

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To: epicure who wrote (66)12/3/1998 7:57:00 AM
From: donald sew  Read Replies (1) of 99985
 
X,

The SHORT-TERM READING on the SOX is 75 per yesterdays close, meaning it is approaching the overbought region(80 and above). I also have my eyes set on a MU and DELL short, just need a few more up days to become more ripe. It could turn right here, then I will miss it - I prefer to wait for the extremes which produce my CLASS signals, but take the risk that it doesnt get that high.

seeya
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