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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: HairBall who wrote (10104)	4/7/1999 9:33:00 AM
From: donald sew	Read Replies (1) of 99985

To all, Forgot to mention in my INDEX UPDATE, that since the DOW sold off about 110 off its intraday highs yesterday, such fullfilled the absolute minimum requirements of my CLASS SIGNAL which is 75 DOW points. The common minimum is in the 150-250 range. If the DOW surpasses yesterdays highs around 10,025 then that would mean that the down cycle which started yesterday is over. Such a small pullback from my CLASS SIGNAL would also imply that the DOW could be heading up higher. Emotionally, it is hard not to become bullish if 10,025 is broken to the upside, and in light of this manic momentum. Personally, I have JUNE and JULY PUTs, and I may be a bit concerned with APRIL PUTs, not that we wont pull back in APRIL but that expiration is in 7 days, and a pullback before expiration may be a little too late. Seeya

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