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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Gersh Avery who wrote (9559)3/31/1999 3:48:00 PM
From: donald sew  Read Replies (2) of 99985
 
Gersh,

Except for the upspike in the morning, most of the day was flat which is in line with my DAY 2 senerio, but now that the DOW is selling with strength, what is DAY 3 going to look like. As you know, per my short-term technicals DAY 3 is commonly the stronger down day, and keep in mind that the reaction to my CLASS SELL SIGNAL was early which also commonly implies that the pullback could be on the strong side.

Subjectively, we could see more selling tomorrow in light of the 3 day weekend and in light of the KOSOVO issue. If selling does continue tomorrow, I am expecting possibly a strong pop to the upside on MONDAY, but that is only a guess and not based on technicals.

seeya
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