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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST
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To: Slava Chechik who wrote (2700)12/23/1998 7:25:00 AM
From: Debra Orlow  Read Replies (1) of 99985
 
I'm waiting for more conformation on sell signals such as change of MACD and stochastic on weekly charts.

Slava, this is a great tactic for longer term trading. There is no denying the weakness that we see, but there is also no denying the bullish mentality that is driving us continually upward (albeit in a narrow way). This bullish mentality may last one more day, or one more year, who knows? By waiting for weekly signals, there is less chance to get whipsawed by the bullishness. For me, I am a shorter term trader, and what I trade is what you see within those weekly bars. By the time the weeklies have confirmed, it's too late for most of my signals/system.

I applaud your patience.

Thanks for posting the numbers.
Debra
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