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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.03+1.0%Nov 21 4:00 PM EST

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To: Monty Lenard who wrote (24638)9/2/1999 7:35:00 PM
From: sean sanders  Read Replies (1) of 99985
 
James, Monty,

I'm not sure the 'exact' rules of this but when taking a look at INTC's daily chart. You can see it ran up formed a nice big flag and then has now moved up more. ~85 looks to be close to where it compleates that move. But what will it do after that? Taking a look at last years correction it handeled itself fairly well so who knows if that will be a good one to short. I personally am waiting for MU to move up to the 80 region so I can throw some puts at it.

Sean
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