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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: dennis michael patterson who wrote (28359)	10/4/1999 5:21:00 PM
From: bobby beara	Read Replies (3) of 99985

dennis, remember we talked about the failed H&S on EMC, now i believe we have it on the spx. decisionpoint.com fantastic bottoming structure in this indicator and went positive today (not updated on this chart) creating a buy spike. SPX reversing the target, the 1150 spx target has now been changed to 1550 -g- airlines, drugs, gold, all kind of sold out sectors coming to life, former darling but now unloved IOM is perking up -g- Ralphy threw in the towel and went bearish, this is the reverse of Dick Russell going bullish on the 4th of July. bb

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