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

To: HairBall who wrote (11398)	4/19/1999 10:55:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

LG, If you recall I mentioned that my CLASS SELL signal on the DOW was negated while all the other sell signals on the other indexes worked great. I also mention that a negated CLASS SIGNAL implied that a surge would be forthcoming but could end at anytime, and that the reversal from that surge is commonly very strong. seeya

To: HairBall who wrote (11398)	4/19/1999 2:37:00 PM
From: j.o.	Read Replies (1) \| Respond to of 99985

LG - I think that you correct in supposing that this is a blow-off top. The extraordinary volatility of these markets suits it very well. Also, I find that these markets are trading very reliably in terms of intraday wave counts and support/resistance levels. Don's signals have caught the cycles well, I find. I tend to think that we are going to have one more push to the upside. I may be wrong, and the last push was this morning. That's why I am only playing the long for small change. I think that this market is setting up for a couple of days of "sell into strength". I am much less long right now than I was short a fair bit higher, and am much more happy with shorts right now. A saying from my bank-trading days..."when in doubt, stay out". You are wise to stay with your judgement until you feel more confident about the market. j.o.