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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.79

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Jan 6 4:00 PM EST

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To: donald sew who wrote (10619)	4/12/1999 9:22:00 AM
From: Roebear	of 99985

donald & all, Did a lot charting this weekend, mostly of individual companies, but when I plugged in the spx and oex I saw something that stood out. I usually don't follow BB's much, but on a weekly three year chart of the OEX the only other time there was a significant upside penetration of the Bollinger Bands (like last week) was in July (20-24th I think) of 98. This was also evident on SPX but that had more penetrations, nevertheless last weeks and the July one were the most notable and (squint, squint) of the others one was flat, one was up and the others (about 7 total, if I am squinting right) down. Is this significant to anyone, seeing as the July penetration mentioned was the start of a good sized correction? Roebear

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