SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: stockycd who wrote (18101)6/21/1999 10:38:00 PM
From: donald sew  Respond to of 99985
 
Chris,

Today was the BUY-IN for my CLASS 1 SELL SIGNAL at today's highs, so it cant be negated today. If tomorrow is up significantly, then it could be negated.

Normally what happens is that on the BUY-IN day there should be some sign of weakness where the the index closes off its highs. The NAZ closed at the highs which could imply that the SELL signal is late or that it could be negated later. A late response to a sell signal implies that the pullback should be small.

I feel that this pullback will be small as previously mentioned.

Hope I was able to clear up things.

By the way there was a response to the SELL signal in the DOW, but not the SPX and NAZ yet.

seeya