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

To: donald sew who wrote (7023)2/25/1999 9:08:00 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
These whipsaws are killing my system but I received something strange a few days ago that hasn't changed my mind ut it does havemy eyes open for a move in either direction. I got a buy signal on the RUT for the first time in Months. It may have been a technical bounce as I often get these before a bounce then it sells off some more but it usually finds a base soon after the second dip. Again, I am not sure what to make of it yet but in light of many of us being bearish, it is a glint of light peaking through that contradicts the rest of the charts.

Just thought I would throw this out for consideration. This by NO MEANS is saying to buy the RUT!!!! This signal hit a few days back and the bounce already happened albeit an extremely small one.

Lee



To: donald sew who wrote (7023)2/25/1999 9:57:00 AM
From: j g cordes  Respond to of 99985
 
Don, I think you covered all the possibilities in your last post.



To: donald sew who wrote (7023)2/25/1999 10:43:00 PM
From: Jon K.  Read Replies (1) | Respond to of 99985
 
Don, your Index Updates are usually very clear and easy to understand even for newbies like myself. But I am a bit confused about your last two postings.

Tomorrow is the '3rd day', and you ARE bearish for tomorrow, right?

Thanks,

jon


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