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

To: Challo Jeregy who wrote (25322)9/9/1999 9:05:00 AM
From: donald sew  Respond to of 99985
 
Challo,

It is confusing after rereading it. What I should have said was either: THEREFORE IMPLYING WEAKNESS IN THE MARKET, or THE MOVE TO THE DOWNSIDE SHOULD BE STRONG.

>>>> If the response time is early, then the move could be strong and if it is late the move should be weak.

The timing of the response is the next day after I get the CLASS 1 SELL signal. So in this case it should be today but the response was early; therefore implying weakness. <<<<<

seeya



To: Challo Jeregy who wrote (25322)9/9/1999 9:11:00 AM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Challo,

Im not sure if yesterday qualifies for DAY-1 of the 3-DAY PATTERN. Although the DOW did pullback significantly intraday(about 140 points) it ended flat for the day and only down about 80 points off the intraday highs. Its kind of borderline this time.

If yesterday was DAY-1 then today should be flat or also down. You may be right, but Im not sure. I like to see something decisive like a move greater than 100 points.

seeya


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