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

To: Les H who wrote (20998)	7/24/1999 1:23:00 PM
From: HairBall	Respond to of 99985

Les: Interesting analysis....maybe the consolidation is finding support. Regards, LG

To: Les H who wrote (20998)	7/24/1999 2:29:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

I agree with the high number of buy signals (on my system, they are actually just over sold signals and don't go to a buy until there is a momentum shift) and that we should be having some sort of an upturn soon. Of course, in a long down trend I haven't found a way to filter out false signals yet so we don't HAVE to rally. Still, I am getting many of these signals at critical points on the charts for the most part with many of them right at support levels, middle fork tines or normally important Moving averages. On the other hand, my signals are mostly class 3 and class 2 and I haven't received very many class 1 signals. Also in looking at many of the leading stocks of the drop, they only had minor relief rallys before dropping further. What is making me upset is that for this coming week as I was looking for plays, the most promising stocks to rally seem to be the ones I hate the most <ggg>. I hate shorting good stocks and going long on bad ones (fundamentally). I find it interesting that many here noted how the RLX retail sector is linked to the dollar. I received a class 2 buy on it and it is sitting on a middle tine right now. I plan on watching this closely next week to see if it fails or bounces. Aslo the TYX formed a possible island doji. Could it be an evening star reversal????????????? I will write some more later but right now I have to take my daughter to the IMAX to see T-Rex, feed some ducks and then I am going to putter around some. <ggg> All my charts are updated at both sites, I will finish repairing the MDA background and a few buttons etc that are missing later this weekend. Note that the sequence of charts when running them directly with the buttons has changed to the format from my personal site where you will see the daily chart then the weekly chart for the same issue. This is important in mid week if I haven't updated the weekly charts so that you don't think the weekly is current. You will also have to go back and manually enter the second look major index charts as they are not linked in to the button sequence. In time I will do so somehow. I also got the HEX and JPN indexes back in as of this morning. Good Luck, Lee