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

To: HairBall who wrote (10245)	4/8/1999 10:56:00 AM
From: Gersh Avery	Read Replies (2) \| Respond to of 99985

Hey LG Take a look at that prem.x /trin (5 min). It formed a nice triangle pattern that resolved very well in the expected direction Gersh

To: HairBall who wrote (10245)	4/8/1999 12:05:00 PM
From: donald sew	Respond to of 99985

LG, Since my CLASS SELL signals rang yesterday, it is common for the next day to be flat to down. For the DOW, I consider flat as +/- 50 points. The DOW was down 20 and then up about 50 so its in that range. If we run up significantly, say close to 100 points and close near the intraday highs, that would be a hint that my CLASS SELL signals are negated. If we close flat and then tomorrow is up significantly and close higher, that could also negate my signals, and imply that we are heading higher. If the TYX was to close right here, it would be an INVERTED HAMMER which is a fairly good candlestick reversal signal to the upside. The NAZ and DOT.X are creaping up, but they are still far away from their yesterday's highs, which would negate that signal. My position specificly for today is that its best to not initiate any new position whether short or long, until we get better hints as to the direction. For now, Im suspecting that we may have a rest today from all that WHIPSAWING action we saw in the last 2 days, but the whipsaws may resume tomorrow. With the recent WHIPSAWs, it appears the results have a slight upside slope. seeya