MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 10 4:00 PM EST

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To: bobby beara who wrote (16854)	6/11/1999 1:20:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Bobby, re: generals watch, INTC ran back up to resistance in the 55 area and promptly turned back down from there. MSFT tried to break out to the upside from the contracting B-bands we were observing, and the breakout failed. usually such failed breaks are followed by a sharp move in the opposite direction. admittedly the MSFT situation is unresolved at this point and may still turn around; but i wouldn't lay bets on that. regards, hb

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