MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.24

+0.3%

Jan 15 4:00 PM EST

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To: pater tenebrarum who wrote (37707)	1/20/2000 7:32:00 PM
From: bobby beara	Read Replies (4) of 99985

Heinz, the ftse after a much weaker rally than the dow or spx broke thru the 1/3 low and completing a H&S top, can you get a volume read on the footsey today and see if it was well above average. The hang seng is sitting on the baseline of an H&S pattern, also with a weak rally off the early jan lows. I believe if we have weak internals tomorrow the McOscillator will cross into negative territory, maybe the nasdaq top is at hand, i doubt the nasdaq can swim too far upstream with the dow and spx going the other way. Tuesday i believe is gold auction day, will be interesting to see if gold can join the commodity party. b

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