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

To: Dwight E. Karlsen who wrote (24043)	8/28/1999 1:20:00 AM
From: 10K a day	Respond to of 99985

big nuts daily reversal? weekly's okey dokey :-/ or down on low volume, full moon, need a broom, sweep it out, clean it out, rock it out, big nut speculation, big nut call options, pissing me off, why do people insist on call options, won't they ever learn, can't sustain this dude, with people buying calls,.... wears me out, i won't pout, i'm in doubt... gotta make up, a big honkin pain in my smashmouth.......

To: Dwight E. Karlsen who wrote (24043)	8/28/1999 9:17:00 AM
From: donald sew	Read Replies (3) \| Respond to of 99985

Dwight, >>>> Per your 3-day pattern: It seems to me that Friday's action would not be flat, nor qualify as strongly down. Does this change anything? Perhaps the 3rd day will be "really strong", or perhaps it will turn out to be a 4-day down cycle? <<<< Since I first notice the 3-DAY pattern over a year ago, I have mainly been watching it with the DOW more carefully than with the NAZ or the SPX. Although the NAZ was not down strong on FRIDAY, the DOW was as it closed down 108 points, similar to THUR which closed down 125. So I have to consider that as being a stong down DAY-2, not flat. Here are the 2 different 3-DAY pattern: 1) DAY-1 down strong, then DAY-2 FLAT, then DAY-3 down strong 2) DAY-1 down strong, then DAY-2 down strong, then DAY-3 flat or down Day-4 has been no more than a flip of a coin on a statistical basis. I would state that if DAY-3 breaks that pattern significantly to the upside, that would be a good hint that the market is returning to a more bullish bias. Here are some more observations of mine concerning the 3-DAY PATTERN: 1) DOWNWARD 3-DAY patterns works best in a trading range/downtrend, but does not work well in an uptrend, so it implys that the market is in a trading range or downtrend 2) UPWARD 3-DAY patterns works best in a trading range or uptrend, but does not work well in a downtrend, so it implys that the market is in a trading range or uptrend. 3) Lets say we are currently in a firm uptrend, and after the CLASS SELL signal the 3-DAY pattern works well. That would be a hint that the uptrend may be weakening. This is what just occured which made me change my mind that the pullback may be stronger than I had originally expected. 4) Lets say we are in a firm downtrend and after the CLASS BUY signal the 3-DAY pattern works well. That would be a hint that the downtrend may be weakening. Hope this clarifys my 3-DAY PATTERN. seeya