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


To: Fun-da-Mental#1 who wrote (30780)10/20/1999 1:56:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Fundamental,

Right now my short-term technicals are already in the middle to upper mid-range, so it basicly back to FLIP-THE-COIN region which is when the market is most susceptible to news items. In terms of time, it would take about 2-4 days to get to either the CLASS SELL or CLASS BUY territory. It can reverse right from here or it can continue up, but from some of my calculations it is giving the hint that if the market would continue up where I would get a CLASS 1 SELL signal, it would still produce a LOWER HIGH.

The trendline for the DOW is around 10,500 and per my calculations the DOW would be in CLASS SELL territory if it does get that high.

seeya