MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

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Dec 5 4:00 PM EST

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To: donald sew who wrote (21937)	8/3/1999 9:47:00 PM
From: stockycd	Read Replies (1) of 99985

Donald and all, I've been eyeing a possible H&S formation in the Nasdaq. I got the left shoulder peak on 6/21, the head on 7/19 and the right shoulder peak on 7/28. It's kind of a quick and crude formation with not much neckline but the resolution is sub 2400. Am I way off base here or does it look as though we go straight down from here? I doubt we'll get the sub 2400 but high 2400's is my target for the bottom. Still haven't got the balls to short the QQQ at this point. Chris

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