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

To: fedhead who wrote (8528)	3/19/1999 9:59:00 PM
From: Les H	Respond to of 99985

I believe he means BUY-IN to indicate ENTER new position. Since he's using counter-trend signals, BUY-IN at highs is the same as ENTER SHORT.

To: fedhead who wrote (8528)	3/20/1999 8:12:00 AM
From: donald sew	Respond to of 99985

Anindo, BUY-IN means to initiate the position, so since it is a SELL SIGNAL then it would mean to initiate shorts/puts. Firstly, I mentioned that the window for the BUY-IN was from Friday to Monday's highs. Keep in mind that my signals are only for the initial move which accounts for a 1-3 point move in a $50 stock. Now as for a follow-thru I still think the bigger selling will start closer to the 1st week of APRIL, so maybe some zig-zagging for another week or so. Hey, it could start immediately also - Im not sure, so I already have some PUTs in place, just in case. This forthcoming top should be an intermediate top and the pullback could be in the 5%-10% range for April. Early April is also the top of the 9-month cycle which would end/bottom around early JULY. By early JULY we could see a possible fibinocci retracement of the runup since OCT. The runup is now at 2600 DOW points so that calculates to about 1000-1600 points putting the DOW in the 9000-8400 range. Im not saying that would happen for sure, but its a possibility that needs to be watched. A 5%+ pullback starting in early APRIL has a good chance of happening. 5% is only 500 DOW points and no big deal, but if/when that happens we need to watch it carefully to see if the selling continues producing LOWER HIGHs/LOWER LOWs. Hope that clears it up. seeya