MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Vitas who wrote (18887)	6/30/1999 9:20:00 AM
From: bearshark	Read Replies (3) of 99985

Vitas: If you deduct that 20 million, yesterday's volume is still above what I anticipated. However, I am still having concerns about this move. Everything is set up for a strong move up. I checked the triangle on the INDU and it looks like the top is at 10,900. I am hoping for an explosive move out of this triangle. If it does break out on high volume, we may come back to around 10,700 or 10,800 for a test of the apex. I still consider the IIX and the DOT to be in bear markets until they break through 325 and 640 respectively. It does not pay to guess. We will see in a few moments. I doubt if I will have time to write notes today. Good luck.

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