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


To: pater tenebrarum who wrote (23911)8/26/1999 6:06:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Heinz,

The pullback today per my CLASS 1 SELL signal was both very timely and significant, which implies that this pullback should be normal in size(250-400 DOW points), which is catching me a surprised since I was looking for a small pullback and that the response to my sell signals to be late, not on time.

With todays pullback, such qualifies the market for the 3-DAY PATTERN. So if tomorrow is relatively flat, then MONDAY(DAY-3) could be down strong.

For CANDLESTICK watchers on the DOW:
TUES = LONG LEGGED DOJI implying indecision
WED = HANGING MAN, reliable reversal signal
TODAY(THUR) = BEARISH ENGULPHING, reliable reversal signal
The patterns are not technically perfect, but close

seeya