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

To: donald sew who wrote (24911)	9/4/1999 8:19:00 PM
From: Benkea	Respond to of 99985

Don: "As for FRIDAYs rally it was very strong with the only technical non-support in the NEW HIGHs/LOWs." Volume was pretty crappy for such a strong move. A/D was not very impressive either; however, up vol vs. down vol was very strong. finance.yahoo.com

To: donald sew who wrote (24911)	9/4/1999 8:28:00 PM
From: jjs_ynot	Read Replies (2) \| Respond to of 99985

It is possible that this is not a new leg up or even a trading move but a relief rally from the grossly oversold conditions. The 5 and 10 day TRIN on the SPX go to unsustainable levels. The pressure had to be relieved somehow. Friday may have been it (the relief).

To: donald sew who wrote (24911)	9/5/1999 12:12:00 AM
From: dave b	Read Replies (1) \| Respond to of 99985

Don, perhaps Fridays rally was just a big one day short covering rally? Now back to trading range. Here is something else to stir in the pot. Bollinger band pinch. gettingtechnical.com

To: donald sew who wrote (24911)	9/5/1999 1:11:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 99985

Morning Don if the SOX and NAZ et all are making news highs, the downside risk seems negligible... the only thing that derails this market is if AG raises again in Oct..period...we'll vasilate some as you said... but it will be market noise.... it's do or die at the FOMC..till then we're going UP on every index i follow... oh btw..downside risk??? 9100 Dow 2330 Naz... another major buying opp... the nets are gonna explode right here...

To: donald sew who wrote (24911)	9/5/1999 4:53:00 PM
From: Trading Machine	Read Replies (1) \| Respond to of 99985

Don, Me thinks the Emperor has few clothes! Berney and I were talking Friday and I just offered the opinion that the market looked like a "specialists" market. Sure they gaped it up on Friday in response to the futures market and the news, and sure some buyers went in and held it up, but I seriously doubt if the specialists had not gaped the prices up that we would have seen a 200+ point day. It would be interesting if we could subtract out the gap prices and look at the market with the rest of the normal buying/selling and see where it "really" is. Having said this, I had the indicators I watch, (OEX) come into a trend line Thursday and were prepared to bounce off it like a champ which is what it did. I am just disappointed that I was not in it (sigh) but I also refuse to "play the news". I have been whumped too many times to try to out-guess the news, good, bad or indifferent. Now from what I read, everyone gives a bullish bias to the week after Labor day. So I guess the consensus is that the market is going to run away up next week, well I'm from Missouri. It may indeed run up but some how I just don't think so. I know I will be looking for shorts vs longs. gg Anyway just a thought, CU TM