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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST
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To: donald sew who wrote (8060)3/12/1999 1:46:00 PM
From: Bull RidaH  Read Replies (1) of 99985
 
Don,

I can't agree with you until we take out yesterday's low on the NYSE cash, which was 606.40 or thereabouts. That gives way, and you got something, because it marked the 16 day cycle low. When a cycle low is taken out, an inverted sell signal is given.

Until then, it's a BTD/Go contrary to the contrarians play in my book. Guess we'll see soon enough.

Regards,

David
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