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

To: StockOperator who wrote (5828)	2/9/1999 9:51:00 AM
From: John Pitera	Read Replies (1) \| Respond to of 99985

SO, keep us posted on Your signs. John

To: StockOperator who wrote (5828)	2/9/1999 11:03:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

INDEX UPDATE ================================= Based on today's lows so far, heres the position of my SHORT-TERM TECHNICALS: DOW - just entered oversold region SPX - borderline CLASS 1 BUY OEX - borderline CLASS 1 BUY RUT - CLASS 1 BUY NAZ - CLASS 2 BUY DOT - CLASS 1 BUY DRG - borderline CLASS 1 BUY XAL - just entered oversold region TRAN - just entered oversold region These CLASS BUY signals are for a buy-in at tomorrow's lows, but could start its rebound at anytime now. In other words, it can still go a little lower with the rebound starting either today or tomorrow's lows. However the DOW has not yet got to a CLASS BUY status yet. For the overall market I think that tomorrow would be the day for the reversal to start. How strong of a reversal - Ill leave that to others, since my analysis is really just limited to the initial pop. I will be exiting most of my PUT position today. Hey, tomorrow may be the big down day(intraday) but Im always early on exiting. I will enter a small CALL position either today or tomorrow on a stock for a short-term trade. Just trying to ride the ripples. Seeya