MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: donald sew who wrote (17385)	6/15/1999 9:56:00 AM
From: HairBall	Read Replies (1) of 99985

donald: Many of the bullish formations are close to being negated. If this happens (at trend changes) this could well signal the overall Market may well move back into the 25-year rising trading channel. In addition, both the DJI and COMPX both have multi year rising trading channel they are sitting on. The Market initially is not responding strongly to the drop in rates. However, the NYA-COMPX Composite found support right at its rising support line this AM. See 60-min interval chart. Regards, LG

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