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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 677.58

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Jan 20 4:00 PM EST

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To: shasta23 who wrote (24161)	10/30/1999 2:36:00 PM
From: d. alexander	Read Replies (1) of 69917

Stefan; just checked out quote.com, which home-page - believe it or not - I've never seen. Have bookmarked it for the bonds. Thank you. They have a quite ok market wrap too. I love market wraps because everyone is so wise after the fact & also immediately goes on to the next big worry. Which now seems to be (wail), so we had a rally, but how can the market possibly go higher? Like, in 4 days this happened. Next, maybe, whoops the DJ-30 is 11,000. I absolutely did not see this coming. A few weeks back I was clamped onto the DJ-30 making that 2nd higher high that would signal a trend reversal. Didn't happen. Down it goes. Past almost everything. Then, primed for, maybe a lower low, & bam-bam-bam. The SPX breaks the downtrend; the DJ-30 breaks the downtrend; the naz is a hero. I'm sitting there with the dust settling saying, what happened? >>>If ...the market goes up i will have to wait for a pullback which will come. Good idea <g> BTW I work freelance from a home-office. It always seems the jobs heat up at the same time as the market. Little fires, Harry calls it. But not to the people who set them :-) Are you seeing that reverse H+S in the INX? I didn't until i looked at the weekly. Neckline about 560? What do you think? Thomas seemed to indicate that H+S formations are not so appropriate for indices. Which would be somewhat confirmed by the fact that the SPX definitely penetrated the neckline of its recent H+S & did not fall according to the measurement expected for such a formation. Anyone want to set me straight here, please! step in. Thanks. Dorothy

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