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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: bobby beara who wrote (21894)	8/3/1999 1:22:00 PM
From: John Pitera	Read Replies (1) of 99985

an angled H&S pattern yes but is it a right angle -g- I'll vote for a return to the 200 dma on the ndx. I think we can go below the 200 day level during Q3. You know that the seasonality has been bullish for the last 2 days of the month and the first 4 days of the next month. the fact that we have been declining in spite of the bullish seasonal tendencies indicates that the larger cycles are pointing hard down. John

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