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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST

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To: bobby beara who wrote (13503)5/11/1999 1:44:00 AM
From: Compadre  Read Replies (1) of 99985
 
Bobby Beara:

I have been watching the same thing, and the trend indicators are turning around. It is not out of the water yet, but it is starting to look better. DOT looks as it is in even a better shape yet. with a couple of indicators, giving buy signals. Even the trending indicators have or is showing signs of turning. Same with the NAZ.

But on the flip side of the coin, the volumes are still shrinking. And none of the indexes have broken out of their trading ranges except for the RUT. And worse yet, the VIX has established an uptrend. Macd on the verge of crossing over to give a sell signal for the INDU.

I went long today following my trading system but I am far from being confident. The rest of this week will tell us where this market wants to go. Best thing to do is to be patient at this time.

Regards,

Jaime
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