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


To: GROUND ZERO™ who wrote (30285)10/17/1999 7:10:00 PM
From: HairBall  Respond to of 99985
 
Ground Zero: Although I am well positioned for a crash on Monday, it seems just to simple for 99 to follow the 87 model and crash on Monday. I suspect we may seem some follow through on the downside at the open Monday.

However, my longer-term intraday technicals have been in the oversold area for a couple of days now. And, several of the major indices are at significant support areas. I would not be surprised to see a bounce followed by a bearish rising consolidation pattern in the first part of this week maybe starting as early as Monday.

But an obvious key will be to watch the futures.

Regards,
LG