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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: Stephen who wrote (1363)12/11/1998 2:57:00 PM
From: donald sew  Read Replies (2) of 99985
 
Stephan,

>>>>>>>> given that your indicator gives an indication of a market direction change, could the class 1 buy have been satisfied by the pop this morning. <<<<<<<<<

My system is not linear, but mainly based on time. Also the CLASS BUY signal is targeting MON. Although it could start as early as today, which is unlikely, I have not seen my signal negated this quickly.

I realise that it may be confusing to understand my system since it is not linear as most systems. I initially got CLASS BUY signal when the DOW was down about 60 points, and since then the DOW has gotten much lower. That does not change my signal at all, in fact it just strengthens my signal. My system attempts to identify extreme overbought/oversold situations based on the price oscillations as a function of time, so time is the more important factor.

Seeya
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