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


To: Monty Lenard who wrote (6483)2/17/1999 4:41:00 PM
From: HairBall  Read Replies (1) | Respond to of 99985
 
Monty: New charts for Wednesday 2/17/99 have been sent.

Regards,
LG



To: Monty Lenard who wrote (6483)2/17/1999 6:11:00 PM
From: Gersh Avery  Respond to of 99985
 
Hi Monty .. chart is in the email <g>

Special notes on chart for today:

The 50 calendar day (7 week) simple average turned negative today.
Any close on the SPX below 1226.55 tomorrow will result in the 20day
and 50day crossing over. On my system this is a confirmed sell.

Today the S&P500 closed below the middle tine of the large fork for
the first time.

Globex points:

buy programs 77 (1230.07) or higher
sell programs -393 (1225.37) or lower

Prem values for the day:
buy 6.02 fair value 3.55 sell 1.32

trigger values from:

programtrading.com