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

To: donald sew who wrote (33382)	11/13/1999 11:42:00 PM
From: Bald Man from Mars	Read Replies (1) \| Respond to of 99985

The MMs are going to gap up Monday morning to accomodate the bulls, so there is nothing left after the open, expect the market to turn down 30 minutes after Monday's open ... class 1 sell signal ...

To: donald sew who wrote (33382)	11/14/1999 1:36:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 99985

Donald, Wave formations and cycle formations and patterns I'm monitoring confirm your class 2 sell signals. The best wave read I see since the 10/18 low says we're on the verge of completing the first formidable degree wave up off the low, which would naturally be followed by a wave 2 correction. But this read has a break point close by, and that is 1400SPX. If we get through there, we may have some if not significantly more upside on Monday. If 1400 holds up, then we have to retrace at least 20% of this first wave up off the 1233 bottom... So minimum 1364 SPX as of now. An important 36.2 day cycle high is due on Monday, recommending selling the high of the day for a profitable trade. These are typically deadly accurate, so I would expect Monday's high to hold up for a week or 2, especially if 1400 SPX is not broken to the upside. The key pattern late in the week was the megaphone pattern that's formed in the big indices (SPX,OEX,NYSE). We've pused near the target on the break of the megaphone in the NYSE, and we've neared the upper line on the SPX & OEX. Looks like a mighty fine spot for a reversal. When I see a trade set up like this with my 3 key intelligence guides lining up with my fourth key indicator (which is your class signals), I start wringing my hands looking for an entry. Option expiration week with the boat loaded down with calls leads little doubt in my mind that somebody's arse is about to get stepped on! <g> Regards, David