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


To: Gersh Avery who wrote (10785)4/13/1999 9:42:00 AM
From: donald sew  Respond to of 99985
 
Just updated the INDEX UPDATE at 9:30am

homestead.com

seeya



To: Gersh Avery who wrote (10785)4/13/1999 9:44:00 AM
From: Wally Mastroly  Read Replies (1) | Respond to of 99985
 
A change in trend ? Just an observation from a lurker ---

Message 8877722



To: Gersh Avery who wrote (10785)4/13/1999 10:23:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 99985
 
Real briefly, as it's late....

There were two patterns the Dominant one was to Sell it just before 10 EST (I did) and hold until 10:15, 10:30 (I didn't, but I made a couple of bucks anyway).

The Key time from 10:15 to 10:30 would be the "tell". If the market firms it would move higher finding it's High around 2. The choppy period could go from about 11 to 12:20.

The failure of the Market to find Support by 10:30 ish will see the day's Low either around 11 on a quick Sell or more likely later around 1 or as late as 2:30

The key from my point of view is how well the Market holds up in the next 10 minutes or so as to whether the "Best" trade today is from the Long or the Short side.