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

To: Haim R. Branisteanu who wrote (7442)	3/3/1999 7:48:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Haim, The overall market was a CLASS 2 BUY for today, but my CLASS 2s can always morph into a CLASS 1 BUY by heading a little lower, just one more down day. The DOW right now is still not a CLASS BUY but close to a CLASS 2 BUY, and the SPX/OEX bounced up without becoming a CLASS 1 BUY, but were CLASS 2's. Of course the market can bounce up at any time, but I am more inclined that we could see a retest of today's lows on the DOW or lower were the DOW would at least become a CLASS 2 BUY signal with the BUY-IN day on FRIDAY. Per yesterdays index, I mention that the SOX and XCI were CLASS 1's, which had the BUY-IN at todays lows, and they did bounce. As long as they do not exceed todays lows then the CLASS BUY will not be negated. From a subjective view, I believe that many are waiting for Fridays economic numbers. If the numbers are not to the markets liking the market should selloff and I would probably get a very clear CLASS 1 BUY signal accross the board. Of course if the news is acceptable the market will bounce immediately and I may not get a CLASS 1 BUY signal on the DOW. Hope I wasnt confusing. seeya