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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 686.10

-0.5%

Feb 4 4:00 PM EST

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To: Challo Jeregy who wrote (29626)	10/14/1999 2:26:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Just rushed home after getting out a little early to buy some calls as the market was heading south. I see my luck held as usual and by the time I drove here the market rallied back up. <ng> As I booted my machines and pulled up my 6 minute charts on teh indices, I am seeing a H&S formation finishing out here. I know they are low probablity but they are pointing to a 5 OEX drop and about an 8 SPX drop minimum if they do bear fruit. Not any where near caught up yet other than this thread so I am off to see what all I missed. I hope this bounce wasn't the entire rally my system called for. <gulp> EDIT - Anyone find it strange the OEX is positive while the SPX is negative??? Good Luck, Lee

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