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

To: Robert Graham who wrote (10424)	4/9/1999 1:27:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Robert Graham: Well, challenging each other's views in a cordial and respectful manner is part of what this thread is all about. Of course, stepping out by putting your analysis and expectations out there to be challenge is the first part. So, even though, on occasion I disagree with what some contributor has to say (as I know often is the case with what I have to say), I am glad they take a stance as this was never meant to be a yes thread. The fact there are so many diversified views, based on a myriad of styles and techniques only helps this thread. IMO Regards, LG

To: Robert Graham who wrote (10424)	4/9/1999 1:44:00 PM
From: Compadre	Read Replies (2) \| Respond to of 99985

Robert Graham: I agree with you on the Nasdaq's strength. I also believe that the bearishness that Donald and LG have is for the overall Market, and not for the index themselves. Therefore they have a negative bias on their analysis and they may well be justified. As far as you and me are concerned we see the bullishness of the index and that's what our technical analysis is looking at. Having said that I do see a concern about the profit taking 2 days ago. Granted , it was mostly yhoo. But it was on huge volume, and that was not the only day. Last week on the 31 of march there was a 1.1 B share day as well. So while I am bullish on the index, I think it will pay to be cautiously bullish. I still think the index has more to go, since I see little change in my technical charts to change my mind. As I said , the only warning that I see is the volume on those down days. Regards, Jaime

To: Robert Graham who wrote (10424)	4/9/1999 2:01:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Robert, I have to explain my 3 day cycle, since I never really gave a complete explanation. This 3 day cycle based from my CLASS SELL signal, starts on the first down day after my signal rings. It works best when the 1st down day is down significantly. In the recent past, the reaction to my signals have be basicly early. If the reversal starts on the day of the actual signal, it is early. If the reversal starts the day after the signal rings, it is timely, and if the reversal starts 2 days after the signal rings then its late. For this specific cycle, it is late. If today is flat (+/- 50 points) that may throw off my cycle some, not to say that the market cant go down, but that it is negating the pattern, and may be following another pattern. Also keep in mind, that the last time my CLASS SELL signal rang we never got a 3 down day pattern. The pattern is: DAY 1 - down significantly DAY 2 - flat, slightly up or slightly down DAY 3 - down significantly Lets say today closes flat, but MON is significantly down, then DAY 1 is MON. Lets say that today closes flat, and Mon closes flat, and TUE is down significantly, then today is DAY 1. Hope I explained it better. seeya