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

To: HairBall who wrote (5975)	2/10/1999 3:28:00 PM
From: donald sew	Respond to of 99985

INDEX UPDATE ============================== With all the CLASS 1 BUY signals going off with todays lows as the buy-in, this market really seems to be languishing. As I have mentioned previously, when my signals are on time the reversal is normal, but if the signal is early(reaction late) then that implies that the reversal may be a weak one. The market internals have not improved at all, just doesnt give the impression of a bounce today. The market attempted to bounce a few times intraday but the NAZ appears to be still selling and approaching the intraday low. If there is no major selling in the last 30 minutes of trading, I will hold off on initiating CALLs today. Seeya