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


To: Terry Whitman who wrote (31482)10/26/1999 2:36:00 PM
From: j.o.  Respond to of 99985
 
Hi Terry - it feels like everyone is trying to play the short-term moves on this one, without there being sufficient underlying flow. I think that in such cases the S/T technicals become unreliable - since once you get a signal, everyone plays it, making it self-fulfill to an extent and then reverse hard. I'd be careful in there today!

Good trading,

j.o.
indextrade.com



To: Terry Whitman who wrote (31482)10/26/1999 3:19:00 PM
From: donald sew  Respond to of 99985
 
Hi,

In case not already mention, noticed the divergence between the NAZ and the NDX, and just also noticed that the NDX is slightly negative.

As mentioned earlier, the NDX, and possibly the NAZ, will be forming DOJI/SPINNING TOP, and that would be 3 DOJI's i a row which could be either a TRI-STAR or BREAKAWAY reversal signals.

So far the DOW looks like it will also close flat(+/-50 pts)
which is in line with the 3-DAY pattern.

I added to my short-term short position.