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


To: bobby beara who wrote (29100)10/11/1999 8:39:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Hi,

Besides my CLASS 1 SELL SIGNALS:

decisionpoint.com
The NAZ is right at the upper trendline of the BEARISH WEDGE, so if the patterns holds, we should see a pullback to the lower trendline of the wedge. What is interesting is that the APEX of this wedge is around late OCT/early NOV. It has been my experience wedges resolves prior to the APEX, so I dont think we have to wait till early NOV.

decisionpoint.com
The 10-DAY TRIN is now entering the OVERBOUGHT region. The 5-DAY TRIN has been below/around 4.00 for 3 days already. I suspect that the TRIN will start to move up very soon, as soon as tomorrow.

decisionpoint.com
Per my short-term technicals, I had a CLASS 1 BUY on the VIX, and per the chart it appears that the VIX is near buy territory(inverse relation) again.

We got another LONG-LEGGED DOJI again in the DOW/SPX. The last one did not work well. So there was indecision today in the SPX and DOW.

FIBINOCCHI REBOUND RANGE(38%-62%):
DOW = 10569-10878
SPX = 1318-1357
The DOW & SPX are right now in the middle of FIB REBOUND RANGE.

The OEX MAX-PAIN is still near 685, and the OEX is already about 15 points above it. Ive noticed that the common maximum divergence is about 15-20 points.

Since it is expiration week, I am not expecting any strong selloff to occur this week, but if a stronger selloff does occur, I feel that it would have a better chance next week.

seeya



To: bobby beara who wrote (29100)10/11/1999 9:29:00 PM
From: Challo Jeregy  Read Replies (2) | Respond to of 99985
 
bb,

about his newsletter, I don't know -

but, on tv, he said only that due to the minor change oscillator readings, that a major change would take place in the next 1-3 days.

I assumed that that move would be down, to coincide with Donald's signal.

However, due to P&F's s/t indicators moving up, I thought I would have a couple of down days before the rally.

Darn!!!! Missed it again?????????

He did say that none of the top ten market cap naz made a new high today with the nasdaq.

When do you receive his newsletter? Everyday after the close?