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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (17839)	6/18/1999 8:39:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

Bobby, i agree on the bond. initially i feared the bond rally may start as a 'safe haven' type situation due to a sharp downturn in stocks. i remember having said though, that a bond rally on the back of benign economic data would be supportive for stocks, and this is what we seem to have here. what worries me about AXP is that it's been rejected at the 50-dma, otherwise the failed h&s is looking great - bounced exactly off the 100-dma, twice. re: XCI-where can i get a list of the components? i know about this triangle breakout problem, Prechter's minions mentioned it somewhere. but the XCI sure looks like it wants to go up - with a little bit of imagination a complex reverse h&s can even be seen. maybe a bit overbought short term. regards, hb

To: bobby beara who wrote (17839)	6/18/1999 9:37:00 PM
From: donald sew	Respond to of 99985

Hi Bobby, >>>> Don will probably back this up, but his system is designed for trading ranges and technical breakout of consolidation patterns do not apply. i believe we are in that situation. <<<<< It think it is better stated that the response to a reversal signal works better in a trading range market than a trending market, however they work in all markets. What happens in a trending market is that the response is smaller. The smallest response to a CLASS 1 sell signal in over a year was 75 dow points and it was only intraday. The common reversal in a strong uptrending market is only 150-250 dow points. So if the response to my CLASS SELL signal is small, then the liklihood is that we are in an uptrend. The BUY-IN is at MONDAY's highs, and should start reversing MONDAY latest TUE morning. seeya