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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: pater tenebrarum who wrote (18132)6/22/1999 1:19:00 PM
From: bobby beara  Read Replies (2) of 99985
 
Heinz, the market so far is working off the excess in a sideways fashion which is bullish to me.

For now I will take the chart pattern and volume over the sentiment. When the 10dma of put/calls gets below .50 i would start to watch for more trouble bwdik,

if you look at the triangle on the ndx over the last several months, the volume dried up going into the point in late may and early june, the exploded out of the triangle on a billion share day and now has made a new closing high and added plus is that we got a sentiment buy signal on the internets -g- "when will the pain end" thread started on 6/14 -g-

telecom issues look hot.

bwdik,
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