MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: pater tenebrarum who wrote (19013)	7/1/1999 2:55:00 AM
From: donald sew	Read Replies (2) of 99985

Heinz, You mentioned crude oil, and I took a look at the charts. It appears that it broke RISING WEDGE to the upside. RISING WEDGES are commonly bearish patterns, but if the price of crude does not fall back within the wedge within a few days it would negate the pattern. Negated patterns commonly result in strong moves, so it is possible that we could see the price of crude in the 20+ range soon. Will the stock and bond market ignore CRUDE OIL in the 20+ range, heck if I know. But if it continues up, eventually it will have some sort of effect. seeya

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