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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: dennis michael patterson who wrote (33878)	11/20/1999 10:12:00 PM
From: bobby beara	Read Replies (2) of 99985

timely.com Dennis, this is another one i watch and it is making the third thrust out of it's big triangle now. and another one with the third drive out of a triangle timely.com from looking at several of these spec charts (rnwk is another one i watch), it's hard for me to believe we could make it all the way to dec 2. I give it this week, holidays are great for bullish euphoria and thin markets for speculators. The surge in call equity volume on friday is a topping sign, i don't have the data, but i believe that is probably record volume, and then you have the lowest amount of $ in rydex mm funds since the july top. That should be taken as a proxy for the general market and most fund managers. bb

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