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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

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Nov 11 4:00 PM EST

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To: bobby beara who wrote (18594)	6/27/1999 1:40:00 PM
From: sean sanders	Read Replies (2) of 99985

Hi All, This is a chart I came up with for the DOW and my take right now what may occure ... geocities.com I see either a des traiangle or a sym triangle (right now I see more of a desc triangle). But if it is a sym triangle one would think it would continue on with what the previous direction was before the consolidation. Right now I figure the fed meeting is having an impart on what the DOW is doing and will do. Although I still am not going to try to figure out the why's as to what 'wallstreet' does with regards to news ... ie already took into account so a little bad will give a rise or, a little bad will give more of a drop ... anyways ... So I figure the DOW will either go up a healthy 600-700 points fairly quickly or it will do the opposite; also to note I dont really see 9800 as a strong support I see more of 9450 as a stronger one so if it drops I would expect it to atleast hold above that. -chart- the green line: 200 sma red line 100 sma blue line 50 sma any questions? comments? Sean

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