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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: bearshark who wrote (22230)	8/5/1999 2:29:00 PM
From: HairBall	Read Replies (1) of 99985

bearshark: However, we are still at the INDU apex and the INDU has not yet collapsed. If the INDU stays above there from now to 8/19-23, we could have the opportunity for a strong move up. A number of things must meet within that timeframe. That is my next target. Yes, I have that apex clearly marked with a (dashed horizontal white line) on my INDU chart on my chart page on the MDA Web Site. If anyone wants to see it clearly. Also, in the same area is support from the previous resistance line of the upper band of the Dow's multi year rising trading channel. (dotted dark blue line) How are you arriving at your time frame "8/19-23" for your next target? Regards, LG

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