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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

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Nov 21 4:00 PM EST

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To: Ramsey Su who wrote (12043)	4/26/1999 7:23:00 PM
From: Compadre	Read Replies (2) of 99985

Ramsy Su: I fell that I did a very poor job in answering your question concerning Donald's class sell on the NAZ. I read it over and it gave the impression that I was disregarding it. So let me try to straighten this out. Of course, I cannot speak for Donald's class sell signal since I don't know what parameters he uses to produce them, but from what I have noticed after following them for a while, they seem very effective. As for my signal today a have a buy signal for the NDX, and this is the type of buy signal that is generated when the MO MO is very strong. I realize that the NAZ is in extreme overbought area and there might be some sort of retracement very soon. But my system is designed to capture the bull ride and try to avoid wipsaws as much as possible. So what I am trying to tell you is that: --The Market is in extreme overbought. --MO MO is very strong. --Closing price is above average. Then there is a possibility that Donald's sell could be late, and if it is in time it may be a weak sell off. I hope this explains it better. Regards, Jaime

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