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

To: donald sew who wrote (9851)	4/5/1999 12:58:00 PM
From: Compadre	Respond to of 99985

Donald: <<CLASS 1 SELL signals>> Agreed with the NAZ class 1 sell signal. I also have a similar sell signal on the NDX. And I feel that the market could go higher in the intermediate term. The NAZ and the NDX just made new record highs. Both have a cup and handle formation, which is bullish. The sox is showing signs of a break-out. Not to mention the Rut which has improve tremendously technically from last week. The DJIA has broken through an upper trend-line going back to April 1998. A short term bullish symmetrical triangle should break out soon to the upside. Similar patterns showing on the OEX. Th SPX has broken to the upside of a similar pattern today. I think we are going to see new highs for all the indices. As far as the NAZ and the NDX are concerned, they have nothing but blue skies ahead. Regards, Jaime