Replies to post #11371 on MDA - Market Direction Analysis (MDA)

[gtober]

LG, I believe we will soon have a confirmation of a lower low or a lower high to signal sell all rallies. (daily chart)

GT

[Ek]

LG: both MSFT and GE remain green. any significance to that ?

ek

[RCKS]

Nice Call LG
This being Expiration week maybe the MM's did not care to make a whole lot of Out-of-Money Calls happy.
I see us retracing at least part of this drop sometime tomorrow, if we do not drop much more from here my target for the bounce would be 1940 on the Compx.

But following a bounce relieving the short term oversold conditions I think we test the lows from last week by early next week.

steve