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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: j g cordes who wrote (22581)8/10/1999 9:30:00 AM
From: HairBall  Read Replies (2) of 99985
 
j.g. cordes and all: The TYX closed yesterday right on a long-term descending resistance line, based on the closing high for 95 connected to the closing high for 97 and extend down and to the right. I expect this area to be major resistance. I look for this resistance line to at least initially repel rates.

My OMC Index is in the oversold area on several indicators and the slow stochastic is hinting that a short-term consolidation pattern may be in the works.

Regards,
LG
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