MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+0.2%

Dec 2 4:00 PM EST

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To: Roebear who wrote (14212)	5/17/1999 1:36:00 PM
From: donald sew	Read Replies (1) of 99985

Roebear, I really dont know if the DOW will break 10,750 specificly today, but per my short-term technicals there is still more potential downside since the DOW is still not in CLASS BUY territory. Im really lousey at guessing how the market will react to a inflation-biased announcement. Lets put it this way, the short-term(1-5 days) downside is still limited since the major indices are already in in the oversold region and only 1-3 days from becoming a CLASS BUY signal. Im more leaning towards the stronger selling to start in the next 1-2 short-term cycles. seeya

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