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


To: donald sew who wrote (26583)9/21/1999 9:37:00 PM
From: James Strauss  Read Replies (2) | Respond to of 99985
 
The Market...
**************
Don:

There are now so many confirming downside signals...

We have Moving Average downside crossovers on the major indexes...

We have New Lows outnumbering New Highs by ratios of 5:1, 6:1, and 7:1 on a daily basis...

We have the A/D line at multi year lows...

We have a FED with interest rate hike blinders on...

The market waters continue to remain treacherous until the FED takes back its last pound of flesh on Oct 5th...

Jim



To: donald sew who wrote (26583)9/22/1999 12:21:00 AM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 99985
 
>The DOW did bounce off of 10,550 today and I dont think will hold. We should get a bounce off of the 1400-1475 support area, with 1409 at the low end as you mentioned. That bounce should not be strong.<

I'm beginning to feel like a proof-reader. I sure hope that's a typooo!!

-GGG-