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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: donald sew who wrote (8437)	3/18/1999 7:13:00 PM
From: Gersh Avery	Read Replies (1) of 99985

Hi don .. Re time frames: I noted that your call for a buy in was for the high of the day Tuesday. Next noted that the high for Tuesday was a hype generated top that lasted for only 90 seconds. The second high for the day was near the close. The next low was almost exactly 24 hours later. The next high was almost exactly 24 hours after that (near close today). Which would put us at day three max effect near close tomorrow. It'll be interesting to see if the pattern holds. The fork that you suggested long ago seems to have held the market very well. Today we closed just outside of it. I'm still using it on my charts as it still seems to be having a impact on the S&P. If we do head north from here I'll have to conclude that it is totally dead. But for the moment : Data for Friday rough OEX equivalents: Large fork tines: Upper : 1306.56 (-9.99) 654.25 (-5) Mid : 1241.62 (-74.93) 621.73 (-37.52) Lower : 1183.51 (-133.04) 592.63 (-66.62) Small fork tines: Upper : 1328.59 (12.04) 665.28 (6.03) Mid : 1296.35 (-20.2) 649.14 (-10.11) Lower : 1264.12 (-52.43) 633 (-26.25) Globex opening trigger values: Buy trigger : 83 (1332.03) Sell trigger : -439 (1326.81) Prem values for the day: buy trigger 15.48 fair value 12.76 sell trigger 10.26 Gersh

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