MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: HairBall who wrote (9043)	3/24/1999 3:55:00 PM
From: donald sew	Read Replies (1) of 99985

LG, Heres a subjective analogy. Since I only got a CLASS 2 SELL signal, I am only expecting a limpy bounce in light the immediate negativity. Something like pulling the rubberband not to its limits, so the opposite directional force wont be that strong either. During a strong bullish trend, it is common for a strong upward reversal to start from only a CLASS 2 BUY signal, but this aint a strong bullish trend when the the NEW HIGHs are only 15 now and the NEW LOWs are still over 100 at 117. Boy, it doesnt look like the new HIGHs will even improve a little over yesterday, in light of the dow being down 200+ points and today flat. The NEW LOWs did improve some. seeya seeya

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