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

To: Lee Lichterman III who wrote (27091)	9/24/1999 3:58:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Lee, your right don't bite -g- timely.com NDX may be forming a bear flag under broken support, a support that was broken on a big candle. It would be fitting to have a big slide rite after this weekends "Day Trading Expo" -g- bb

To: Lee Lichterman III who wrote (27091)	9/24/1999 4:04:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Lee, With todays end of day rally, my short-term technicals have already turned to the upside on the DOW and SPX, so the DOW and SPX are already out of CLASS BUY territory and up in the oversold region(oversold is higher than CLASS BUY). The NAZ now is not even in the OVERSOLD region but is only in the LOWER MIDRANGE, approaching the OVERSOLD region. What this means is that the market is no longer in the extreme short-term oversold region so this intraday upswing has created more downside room. Hope I made some sense. If the market does continue to head down early next week, I may not get a CLASS 1 BUY SIGNAL until TUE, with the BUY-IN window until WED's LOWs. On the other hand, the bounce could also continue some more right from here, but subjectively not alot more. Im more inclined that more selling will continue early next week before a more meaningful bounce than what we saw intraday today. seeya