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

To: Debra Orlow who wrote (2276)	12/18/1998 1:36:00 PM
From: Daflye	Read Replies (4) \| Respond to of 99985

RUT- is this an ascending triangle or what? Poised for a breakout thru 400, next stop 420 then 460? Thanks Darin decisionpoint.com

To: Debra Orlow who wrote (2276)	12/18/1998 1:38:00 PM
From: Compadre	Respond to of 99985

Debra: <AMAT> I do not have the capability to do this analysis intraday. Sorry, but the daily charts suggests that the peak was seen on 12/8. but it won't necessarily crash. Take a look at the peak on 8/20/97. It shows that kind of a pattern. Regards, Jaime

To: Debra Orlow who wrote (2276)	12/18/1998 1:47:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

INDEX UPDATE ========================= Sorry but I have to keep this short, since Im in and out for the next few weeks. The NAZ, SPX, OEX, RUT, XAL, DOT are all CLASS 2 SELLs based on todays highs so far. If there is no selloff later in the day and the indexes closes near the highs then the BUY-IN time fot the SELL will be MON's highs. As I have always mentioned before, concerning my BUY/SELL signals, the reversal could start immediately. Since they are only CLASS 2's, that implies that the those indexes can still go higher, but the upside is limited. If Monday is an significant up-day, beating todays highs then the CLASS 2 signal will morph into a CLASS 1 signal, with the buy-in time at TUE's highs. Morphing into a CLASS 1 is a common occurance. For the overall market(main indexes) the readings are in the upper-middle to overbought range with readings in the 75-88 range. So todays highs are a OK to start to initiate puts, but with a risk of a bit more upside - then again the selloff could start immediately. The short-term top is within 2 days, but could start immediately. Seeya