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

To: Compadre who wrote (7250)	3/1/1999 2:19:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Jaime, At todays lows the DOW,SPX,OEX entered the oversold region but since they are substantially off their lows now they are back above the oversold region. If we close flat or positive they will be back above the oversold region and still a few days away from my CLASS BUY signals. Hey the market may not get that low to the extreme oversold region(CLASS BUYS) and reverse right from here. Im more inclined to say that we could move up 1-2 days and then continue the downside selling. The analysts are now pushing the banks and airlines, and I just noticed that they are getting close to a CLASS SELL signal already. As you know Im cynical, so I think these upgrades are pump and dump strategies, and that the selling should continue in a few days. seeya