MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Compadre who wrote (7090)	2/26/1999 4:00:00 PM
From: Arik T.G.	Read Replies (1) of 99985

>> Buy signals every-where Where? >> Are they real or are they Memorex? <G> We'll have a very clear answer on Monday. If SPX trades over 1253 then we're headed higher, much higher. Not just a marginal new high this time. OTOH if there's a limp to 1246-1248 and we start reversing, then look out below. We'll see 1210 probably on the same day, and 1160 down the road. IMO Monday is going to be an important decision day for the market. NDX still supports the downside. Looking at the chart I see very little upside potential, so I guess 60-40 in favor of more downside. Hey, while I typed this the market reversed. Make it 70-30 in favor of downside. ATG

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