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

To: HairBall who wrote (18760)	6/30/1999 2:32:00 AM
From: Gersh Avery	Read Replies (2) \| Respond to of 99985

Wow .. 132 MDA messages and I'm not even going to be able to scan them .. I don't like this move up going into the close of the FOMC .. not at all. edit .. just looked at the TYX .. looks like all systems go. (end of edit) I'll be working and miss out on all the fun today .. data from updated MDA chart Futures sold off after the close of stocks again .. Red flag .. Globex could be well into positive and still be in sell program area at the open. Globex opening trigger values: Buy trigger : 835 (1365.05) Sell trigger : 428 (1360.98)<<-----********* Prem values for the day: buy trigger 13.6 fair value 11.52 sell trigger 9.53 Black fork tines: Upper : 1381.41 (29.96) Mid : 1345.84 (-5.61) Lower : 1310.26 (-41.19) On 6/29 the SPX closed within the upper channel of the black fork. This area held the SPX for six weeks, from 4/8 to 5/18 except for a three day blip ~ 4/20. The rest of this week may confirm this upper fork channel again. another edit just noticed this: 16 day SMA 1326.03 (-25.42 ) 20 day SMA 1323 (-28.45 ) 36 day SMA 1323.19 (-28.26 ) 50 day SMA 1329.97 (-21.48 ) looks like a lotta support in that area. Sharp drop the hard run up? FWIW Gersh