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

To: Michael Watkins who wrote (39299)	2/6/2000 7:17:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Michael, >>>> The only thing I want to point out is that a reversal may be as simple as a pull back of the NDX/COMPX/NDH0/NQH0 into congestion - well, these have already happened as of Friday. <<<< Agree. Per my INDEX UPDATE I did get a CLASS 1 SELL signal and on FRIDAY we already got candlesticks implying indecision/reversal. It also depends on how nimble one is. I rather short the weakness rather than strength, which in this case is the DOW. If that pennant breaks to the downside in the DOW, the selling for all sectors may get stronger than most think. seeya