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

To: Debra Orlow who wrote (1144)	12/10/1998 9:21:00 AM
From: SE	Read Replies (1) \| Respond to of 99985

This may seem either rather obvious or rather insightful, I don't know which. I think the goose is cooked. HOwever, some very bright people think we are going higher which causes me pause. Therefore I tried to put together a plan that covers both sides and this is what I have on the based on the SPX.X. I think we will see a move at 11 am cst this morning. The timing is based off of Andrew's Pitchfork. If the SPX is over 87 I think it will go to 95-97. If it is below 84, then it will drop to 74-75. If 1170 breaks, it is time to be short the upmove is over with a stop at 1150 and a bounce. I hate to say the same on the up-side as any move over 1195 could simply be a stop run and it will die just as quickly, but if 95 breaks we should pop for at least a bit, maybe more.... -Scott