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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: bobby beara who wrote (3660)	1/11/1999 4:38:00 PM
From: donald sew	Read Replies (2) of 99985

Bobby, I had a CLASS 1 SELL on the DOW/SPX/OEX with the BUY-IN at todays highs, but a CLASS 2 on NAZ. After todays performance the NAZ has registered a CLASS 1 SELL SIGNAL with the BUY-IN at tomorrow's highs. I also noticed the exhaustion gap with the INTERNUTs. So my signals are in line with yours. We also have the FIB 55-day TOP-to-TOP on JAN 17(SUNDAY), so that would be FRI or MON. As previously mentioned I do feel that this TOP should be a mid-term TOP producing a significant pullback. Originally, I was leaning towards the end of the week to initiate PUTs, but I will start some tomorrow and add on if the market moves up more towards the end of the week, just in case you are wrong. ggggggggggggggggggggggggggg Market internals still are far from being strong. The AIRLINEs and TRANs started selling off significantly. Seeya

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