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


To: Daflye who wrote (5778)2/8/1999 9:42:00 PM
From: donald sew  Respond to of 99985
 
Darin,

>>>> . Methinks further rallies are suspect, we haven't seen anything resembling a selling climax, not even close. <<<<

Its subjective but a valid comment. The VIX is still significantly below the last peak, so no climatic selling there yet.

In light of the weakening market internals, one could suspect some harder selling, but who knows. I just go with my short-term technicals which actually moved up for most of the market today into the lower mid-range, which is normally a flip of the coin.

Seeya