MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bobby beara who wrote (27206)	9/25/1999 1:58:00 PM
From: Tai Jin	Read Replies (1) of 99985

I see the SPX in a large descending triangle since the peak in July with support currently at the 200dma (or view it as an H&S with left shoulder established in April). If support holds then we'll probably get a bounce to around 1330 testing the downtrend line. If the support breaks then I think we're looking at 1140. If the DOW follows then it's probably headed towards 9350. I'm not sure how to read the NAZ, but it appears to be in a rising megaphone since the beginning of the year. I believe this formation will resolve to the downside. ...tai

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next