MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: StockOperator who wrote (15988)	6/4/1999 1:13:00 PM
From: Compadre	Read Replies (1) of 99985

SO: I agree with you about the critical state of the market. And I think that there is more consolidation to come before any type of solid rally to be possible. Furthermore, I am getting sell signals on the SPX and OEX. The NAZ hit extreme oversold about 15 minutes ago. If it closes at the high of the day, I will have a sell signal for that too. So I expect to see some kind of pull back before a serious rally can begin. That is if we do not crash from here. Regards, Jaime

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