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


To: HairBall who wrote (9021)3/24/1999 12:13:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
LG,

With my CLASS signals, whether they are buys or sells normally produce a significant and quick pop. The sell signal was only a CLASS 2 and since we are basicly flat, without a nice pop, I am more inclined to say that it will morph into a CLASS 1 SELL. That doesnt mean that it will morph into a CLASS 1 immediately either. If we close flat or up today, the earliest we could get a CLASS 1 BUY signal is tomorrow with the BUY-IN at FRIDAYS lows.

We also all know that the largest price moves can be when we are approaching the extremes in the overbougth or oversold regions.

seeya



To: HairBall who wrote (9021)3/24/1999 12:17:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
Larry,

Forgot to mention, with the market flat the NEW LOWs are at 68 and the NEW HIGHs at 9. This is basicly the same ratio as yesterday when the DOW was down 200+ points. So far no improvement, and could possibly be considered deterioration in light that the the market is not down significantly.

seeya