MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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4:00 PM EST

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To: Steve Swanson who wrote (9889)	4/5/1999 8:20:00 PM
From: donald sew	Read Replies (1) of 99985

Steve, You are correct, and that is also in line with the research I did with the DOW per my latest index update. Since this MARUBOZU is not at the beginning or near the beginning/midway of an upswing, I would consider it as an exhaution type of move and could reverse as soon as tomorrow. There is also a liklihood that tomorrow could gap up first and if it does not start reversing significantly then a doji could form, which would be a SHOOTING STAR(with the gap). and if the following day also gaps to the downside it would be an ABANDONED BABY and thats a strong reversal signal. Hope I was of help. seeya

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