MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: HairBall who wrote (981)	12/8/1998 11:35:00 PM
From: Ms. X	Read Replies (1) of 99985

HI LG, Thanks for the invite. I waited until I had some news to come join your new thread. Our short term indicators in PnF land are turning negative. Two of the important short term indicators are still holding on by a thread and we are watching these carefully. Right now our position is to watch the relative strength of stocks and for support level breaks. When our short term indicators turn bearish we don't chase stocks and only buy those that have performed well and on pullbacks. Should the larger of the short term turn negative we would suggest not being margined and taking profits on trade positions. This has not happened yet. Currently the large caps are keeping the Nasdaq in nice territory. The little guys are getting kicked around. If our big indicator should reverse (the NYSE BP) you will hear the screaming from the PnF thread and I won't need to post here. :-) Take care, Jan I am Edit: and a completely unintentional (I swear) triple reversable grub!!! I'm so proud of myself I could just faint. Imaine that, without trying. Makes it even sweeter :-p

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