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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: donald sew who wrote (13524)	5/11/1999 11:22:00 AM
From: HairBall	Read Replies (1) of 99985

donald: Thanks for the MO update...the Market is definitely struggling to put together a “in unison” Indice advance... I am going to stick with my “end of day” read for now...<g> The Market is struggling to advance further, a definite sign of "lack of strength". The only Indice that has really shown signs of strength as of late has been the RUT. The Market seems unable to put together a rally of the Indices in unison...quite the struggle going on today. I tend to agree with jaime's cash move on the NDX, but that is an intraday call, I received intraday sells on several Indices at the same time. However, I do not post those signals, as it would require me to post them on a regular basis...as they can change quickly and the NDX has already given additional signals. These intraday timing models should catch the beginning of any strong up or down move. But because of the very short-term nature of intraday timing models, they are rarely good timing (predictive) tools for major moves. If the TYX continues to trend up, that will most likely cause further erosion in the Market and may force a negation of the break above the upper descending trend line of the bullish flag by the NYA/COMPX Composite Index. If this happens, it will not bode well for the bulls... However so far, the Market is trying to shake off the TYX advance... Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.

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