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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: StockOperator who wrote (11062)	4/15/1999 8:10:00 AM
From: donald sew	Read Replies (1) of 99985

StockOperator, We are in agreement that there are plenty of mixed signals. Lets put a perspective into it. The NAZ dropped about 120 points off of its intraday highs, and closed about 80 points from its previous days close. Using the factor of 4.15, the NAZ dropped 500 DOW points off the intraday highs and about 330 DOW points from the previous days highs. On the other hand about 5 DOW, and the TRANSPORTS stocks ran very hard to the upside. Who benefited yesterday. Even with my CLASS SELL signals, I would have not thought that the NAZ and INTERNETs would sell that hard. And who knew that a few DOW stocks/TRAN would run so hard. You are correct that those who did not participate in the 1500 point runup lost out of gains, but thats not a legitimate reason that the market will continue up specificly from here, not saying that you said that but many analysts/media are using that arguement. Lets talk now from this point onwards specificly. With all these mixed signals at these high levels what is the prudent thing to do right now. Of course that would depend on time horizons. My CLASS SELL signals for the SPX/OEX/NAZ/DOT has more than fulfilled its minimum requirements already, and only the DOW has not yet. I still have specific mixed signals as to whether this specific short-term(1-5 days) pullback will be small or large. Hey since the SPX/OEX/NAZ/DOT already fulfilled the minimum it could run right from here. seeya

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