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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: James F. Hopkins who wrote (18460)	6/24/1999 3:14:00 PM
From: j.o.	Read Replies (2) of 99985

James - one thing I find interesting is that in some of the NUTZ (i.e. CMGI, and the dot.x is not dissimilar)we are trading sideways through the downtrend line formed by the big triangle a couple of weeks back. We had, as you point out, a good opportunity to sell this thing down below the trendline today, but it almost looks like we missed it. Perhaps this will get resolved over the next day or so, but it does not quite fit with my expectations. This failure to drop has me closing my shorts. j.o.

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