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


To: Trading Machine who wrote (24943)9/5/1999 5:59:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Trading Machine,

I basicly have CLASS 2 SELL SIGNALs/OVERBOUGHT READINGs for most of the indices per my short-term technicals. If the market runs up on both TUE and WED I would certainly get many CLASS 1 SELL signals, and could get some as early as TUE.

The BUY-IN window to the downside, if the market contiunues to run would be up to THURs HIGHs, not that it could not start reversing earlier.

The VIX is near a BUY-SIGNAL already, but the TRIN still has a few more up days in it before the 5-DAY TRIN gets near 4.00.

Frankly, even with the bullishness I would not be surprised if TUE was a DOJI/SPINNING TOP day.

We also have to keep in mind of the significant gap in the indices and numerous stocks, which is commonly filled.

seeya