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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: Gersh Avery who wrote (6971)2/24/1999 1:16:00 PM
From: donald sew  Read Replies (2) of 99985
 
INDEX UPDATE
====================================

I just discovered something interesting.

On MONDAY I got a CLASS 1 SELL on the DOW and CLASS 2 on the OEX/SPX, and yesterday they were flat to down intraday, so I did not recheck the OEX/SPX. As I have stated in the past, a CLASS 2 can morph into a CLASS 1 and the SPX/OEX just registered a good CLASS 1 SELL signal.
So the BUY-IN TIME is now clearly at TOMORROWs highs. The reason I said that is that the NAZ,NDX,SPX,OEX are giving a CLASS 1 SELL signal on the same day.

Previously I was concerned that the DOW was not selling off fast enough with the signal on MON. To me, this implies that the DOWs signal was early in relation to the other sectors, so it is common for an early sector to wait for the other major sectors to reach the extremes.

Will this be a strong or weak selloff, I dont have convincing hints of either, but for now I am leaning towards this immediate forthcoming short-term pullback not to be extremely strong - normal to weak.

So the market could still move up intraday tomorrow, and then we should see some sort of a pullback starting. Of course it could happen anytime before then also.

seeya
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