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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: John T. who wrote (27850)	9/29/1999 1:43:00 PM
From: HairBall	Read Replies (1) of 99985

John T.: Just checking back in on the Market. Sorry, I do not use the TRIN. I am sure someone on the MDA thread can answer your question. My read on this rally is the "big boyz" are using it to distribute. (Any one think the Market will continue to ignore the TYX rise?) I would like to call attention to a rising wedge formation in play off the pivot point yesterday on several Indices. Notable on the SPX 5-Minute Semi-Log Chart. It appears to be in the process of resolving to the norm as I type, let's see. Good trading all... Regards, LG

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