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


To: Jerry Olson who wrote (26877)9/23/1999 5:12:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 99985
 
OJ, i wonder if the FOMC will really have much weight with regards to market psychology at this stage...but i wouldn't rule it out either. i will assess the situation to the best of my abilities over the weekend and post my conclusions then. one thing is for sure, this is beginning to look real ugly on the charts.

regards,

hb



To: Jerry Olson who wrote (26877)9/23/1999 5:20:00 PM
From: stockycd  Read Replies (1) | Respond to of 99985
 
Oj and all,

I know everyone is beating the bear drum now. But if the fork I have for the SPX holds (we broke the middle tine today) we could be looking at SPX 1200-. My Dow fork is yelling reversal tomorrow. My NDX fork says possible reversal tomorrow but further downside to NDX 2285 is expected.

BWDIK????

Chris