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

To: zoya who wrote (7251)	3/1/1999 1:15:00 PM
From: Compadre	Respond to of 99985

Zoya: If we close higher than Friday, Donald's indicators will go back to the middle and my guess is that tomorrow we will sell off into the strength. BWDIK. Regards, Jaime

To: zoya who wrote (7251)	3/1/1999 1:32:00 PM
From: donald sew	Respond to of 99985

ZOYA, >>>> according to your system,is there a possibility that these indexes remain oversold and go much lower before becoming class buys? <<<<< A reversal can happen at anytime, so they dont have to always go the the extreme oversold region(CLASS BUY) or the extreme overbought region(CLASS SELL). We have been trading in a range for almost 2 months, and it is common during a trading range trend that the market gets to the extremes before reversing. Previously, I had mentioned that we could have 1-2 up days then a continuation to the downside, since many of the individual HiTECH stocks were already CLASS BUYS, such as the SOX index. Interesting that we just went slightly positive. If the market does move up 1-2 days it could also intensify the downside continuation. Technically we are still in a downtrend unless the DOW sets a higher high above 9611 or we remain flat for an extended period of about 3-5 days. Thats based on my system. seeya