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Strategies & Market Trends : TA- Advanced GET

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To: Jan Robert Wolansky who wrote (1502)1/29/2000 12:50:00 PM
From: Allan Harris  Read Replies (2) of 1551
 
The MOB drawn from the low on Jan 5 for the S&P 500 has a black mark on the left hand side, suggesting it doesn't have enough info to be conclusive.

I don't know how much weight to put on the black "marker" insofar as yesterday appeared to be a direct hit on one of the two vertical black timing lines embedded in the MOB. Plus, as you pointed out, we are seeing a very nice Type #1 pattern setting up on the index. Throw on the Cycle study and you begin to see the weight of the evidence lean toward a bullish outcome from current levels.

A
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