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


To: Stcgg who wrote (28954)10/9/1999 9:35:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Stcgg,

Since I emphasize SECTOR ROTATION, I am getting CLASS 1 BUY SIGNALS in CRUDE OIL(NOVEMBER CONTRACT) and the OIL DRILLERs(OSX). The XOI is in the oversold region but not a CLASS 1 BUY yet.

Take a look at that perfect SHOOTING STAR on the OSX. If Monday is up for the OSX it could either a MORNING DOJI STAR or an ABANDONED BABY, both of which are significant reversal signals to the upside with strong reliability.

If CRUDE does move up next week, well that wont be great for interest rates.

seeya