MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: StockOperator who wrote (15988)	6/4/1999 4:30:00 PM
From: Compadre	Read Replies (2) of 99985

SO and all: That was a very strong finish. I must say that things are looking a lot better that earlier in the week. But we are not out of the water yet. NDX, SPX, OEX all have sell signals in my trading system at today's close. Usually on a strong close like this one, prices are going higher next business day. The NDX on the average will get between 10 to 40 points higher the next day of a sell signal like today's. My estimate is that it will rally until 11:00 AM ET, then the sell off will start. Have a nice weekend every body. Regards, Jaime

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