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

To: Vitas who wrote (31897)	10/30/1999 4:52:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 99985

Here's a chart that impressed me and led me to believe the markets were heading south... decisionpoint.com we also had an outside reversal in the SP cash early last week and I was fully expecting a blood bath the next morning... that night, the futures were at a big discount to cash much like the bear markets of the past... it looked bleak... the very next day we had a reversal which technically nullified that previous day... therefore, I took long positions on the close that day and then we've rallied big the following two days breaking through almost all resistance... Now, I think any pull back should be bought and I'm long right now and waiting to buy on any good pull back... I suspect the pull back may be shallow since there are many short position holders hoping for a chance to bail out..... My Best. GZ