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


To: MonsieurGonzo who wrote (25865)9/15/1999 9:23:00 AM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Steve,

The futures are up 13 in light of the CPI numbers, so lets see what type of legs this rally has. We need to see how well the market internals improve, which is a key to the strength of this ensuing rally.

Just want to mention it again that I will get a CLASS 1 SELL signal probably tomorrow in the NAZ, if the market moves up, which is likely. We have some short-term seasonal negative issues:
1) statistically the week after expiration is commonly down
2) Buy on Roshashanna - Sell on Yom Kippur(this Friday)

Looks like we are going to be bouncing from one economic number to another, but on a subjective issue - DON'T FIGHT the FEDS.

seeya