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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%Nov 20 4:00 PM EST
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To: Monty Lenard who wrote (16759)6/10/1999 7:22:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
Monty, also note that the OEX, SPX and NYA all closed below their 50-day EMA's once again; the utilities have broken a short term upward trendline and the transports look like they break down from a bearish flag formation. COMPX and QQQ have held a hair above their respective 50-day EMA's, but their 50-day EMA's have started to turn down. all this is damage that one or two good days could yet repair, but noteworthy damage nonetheless.

regards,

hb
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