MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: HairBall who wrote (14606)	5/21/1999 12:53:00 PM
From: Compadre	Read Replies (2) of 99985

LG: Today's action in the markets pushed me to the bear camp for a while. I no longer believe we will get a new high in the immediate future. Since the NAZ has been making 3 sequential lower highs, I feel that a lower low is in the making. My trend indicator change over to point South today. This profile fits to one of those 60% retrace 9 month cycles. Not that it will do it, but is is very likely. I have intermediate term sell signals for the INDU, SPX, OEX, DOT, NAZ and NDX. INDU,SPX and OEX are somewhat healthier than the high tech related indexes. Regards, Jaime

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