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

To: Steve Swanson who wrote (15626)	6/2/1999 6:07:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Steve, These mini-upswings last from 1-3 days. I am suspecting that there is not much more upswing in this upswing. Per my short-term technicals the NDX has already entered the overbought region. The DOW/SPX are smack in the middle. Right now I feel we are simply going thru a zig-zagging pattern with the upside potential of 1320 on the SPX, if it breaks the 1300 resistance area. In other words, not much more upside. Im getting ready to short some more, and as early as tomorrow. seeya