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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: HairBall who wrote (16583)	6/9/1999 4:16:00 PM
From: HairBall	Read Replies (3) of 99985

To All: I have received an Email inquiry from a non-SI member, who like many regularly lurk the MDA thread. He has joined us at each MDA Web Site Chat Event, which are open to all, members and non-members alike. If possible, could you comment on the formation which began yesterday at 14:00 on the 10-minute chart for both SPX.X & OEX.X on the MDA thread. Thank you very much. NM-Barry@Coppell Barry: I took a look at the OEX. It is clearly a bullish formation. Normally called a bullish pennant/triangle. It is even clearer when viewed using the 5-min chart. I will post this chart as my “featured index chart” on my chart page tonight. All additional interpretations to Barry's inquiry are welcome... Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.

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