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

To: Gersh Avery who wrote (32041)	11/1/1999 11:55:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Gersh, The market is relatively flat with the DOW down slightly, the NAZ up slightly and the SPX even. The market internals are basicly flat also so its neither deterioration or improving. Im more inclined to say that if this was the beginning of a true new bull leg run to new highs across the board, then I would expect the market internals to be improving more than what it is. I realise that it is still early and we still need to watch a few more days, but as of today no clue yet. In light of such I am more inclined to say that we are still in a trading range, but bullish to the point that the intermediate bottom has been set. So far my CLASS 1 SELL signals are getting signs that they may be working. That is not to mean that it will sell off right away but that a short-term top may be set today. It could take a few days for the selling to intensify, maybe a few days of DOJIs, or selloff at the end of the day. Its important to see how much, how fast, how well the market internals hold up during the forthcoming pullback to get a clue for next upswing. Regardless the bottom of this short-term pullback is at least a short-term buying opportunity. seeya