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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.03-0.1%Dec 9 4:00 PM EST

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To: donald sew who wrote (892)12/8/1998 2:29:00 PM
From: HairBall   of 99985
 
donald: The DJI pennants lower (support) ascending trend line, has been penetrated. If you adjust to what would be a supporting trend line for a flag it too has been violated. The DJI will have to continue further to the down side to confirm the break.

However, it seems the formation is resolving to the norm, so far! Completion to come with a drop below the inverted poll's top around the 8750 area.

Regards,
LG
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