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 680.28

-0.5%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Les H who wrote (33454)	11/15/1999 7:15:00 PM
From: Les H	Read Replies (2) of 99985

WHAT TO EXPECT NOW. November 15, 1999. ORD ORACLE. The December S&P's appears to be completing a bearish "Three Drives to a Top" pattern". The First top came on October 29 near the 1380 area. The second top appeared on November 5 at the 1395 level and this third top is near completion at the 1405 level. "Three Drives to a Top" should have decreasing volume at each top as the market works higher. The first top had volume of 1.09 billion shares, the second top had 1.01 billion shares and the third top had 795 million shares. The "Three Drives to a Top" has a minimum downside target from where the pattern began which is near the 1350 area on the December S&P's. Friday in candlestick charting on the December S&P's a bearish "Hanging Man" pattern formed. Today A Bearish "Doji" pattern formed. The "5 day ARMS" closed Friday at 3.59, which is one of the lowest reading of the year and is bearish. We are short with a first downside target near the 1350 area.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next