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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Haim R. Branisteanu who wrote (25653)	9/13/1999 10:19:00 PM
From: bobby beara	Read Replies (2) of 99985

Haim, i know a lot of the bulls were looking at the breakout of the nas on big volume last week as bullish, but since the rally up for a month was on low volume and volume increased right at the top on a intraday ziggyzaggy and a spinning top candle, i looked at it as distribution at the trendline off the january high and the flat trendline off the july top. we have a few parabolic tech charts and everything else is in a bear trend, the spx triangle is waiting for the tech weenies to run out of money so we can get a flush, since the 8/11 flush and the insuing bottoming formation and buy spike in the oscillator is looking like it will fail here. bb

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