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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.04-1.7%Nov 13 4:00 PM EST
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To: pater tenebrarum who wrote (13192)5/7/1999 2:56:00 PM
From: donald sew  Read Replies (2) of 99985
 
Heinz and all,

This is strange and it surprised me, but I got a weak CLASS 2 SELL
signal on the DOW when the DOW was up 75. It could still continue up and morph into a CLASS 1 SELL SIGNAL or just reverse right from here.

To maintain the CLASS 2 SELL SIGNAL the DOW needs to close at its highs.

The good economic news is not helping INTEREST RATES, since is is still rising and setting another HIGHER HIGH. I had a CLASS 1 SELL signal on the RATES and if it continues up such may negate that signal, and when that happens we may see a surge to the upside soon.
If the CPI/PPI next week are hinting of any inflation that could send
the rates rocketing to the upside. Interest rates should be heading down, but its not so it could be on the verge of technically breaking out. These technical breakouts are normally not small, just like the technical breakout we saw in the DOW when it ran from 10,500-11,000 quickly.

Boy, this market is really hard to read. Normally for the short-term
(1-5) days, its not that hard per my system, but Im really getting alot of mixed reads, much more than normal. Keep in mind Im only talking about a short-term read(1-5 days).

Seeya
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