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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.97+0.1%Nov 7 4:00 PM EST

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To: donald sew who wrote (8691)3/22/1999 2:52:00 PM
From: Compadre  Read Replies (1) of 99985
 
Donald: The DJIA,OEX, SPX, NDX and COMPX are near oversold conditions. Trending indicators like W%R and MACD indicated that they were in a strong trend for the last couple of weeks. W%R gave a intermediate term sell signal last Friday, but it may quickly reverse back up to it's strong trend if the market reverses in the next couple of days.

What I am trying to say is this: With the short term oversold conditions right now and the positive trend, any more selling will trigger one of your class buy signals today. As my system is indicating a buy signal for some already if we remain where we are right now at the close.

Regards,

Jaime
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