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

To: Jon Khymn who wrote (31955)	10/31/1999 2:01:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

WebMister, The CLASS 1 SELL signal still stands for MONDAY's HIGHs. Originally I felt that the forthcoming pullback per my CLASS SELL SIGNAL would be weak(150 DOW POINTS), but after further study, the pullback could be stronger than 150 DOW POINTS, per my post of this morning. I am intermediate bullish to the point that I feel that an intermediate bottom has been set at OCT's LOWs, but that does not mean we just head straight up. I cannot discount the possibility of a retest of the previous lows, but that does not change my position of intermediate bullishness since an intermediate bottom has probably been set. In other words, if there is a retest of the OCT lows, such should hold and we just bounce up again which would give a "W" formation. I expressed to some friends the same thing and they said how can I be bullish if I still feel there could be a retest of the OCT lows. Market dont just go straight up is what I told them. seeya