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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: Benkea who wrote (45218)4/6/2000 1:26:00 PM
From: bobby beara  Read Replies (1) of 99985
 
brkb looks very nice, they were really given it to buffet at the bottom, aaay.

During the selloff from last april, aol broke out of an H&S pattern into the july top and then rolled over and fell thru the baseline, but this time it is bouncing, a good sign.

also yahoo is holding up pretty good here, as long as it holds 150 support, which is very strong gap support preceded by a big white high volume candle last fall after they were added to sNp it should do ok and build a right shoulder base with that hammer on tuesday being a head.

nyse breadth is very good today, what we need is this to continue for several days and get the mcoscillator to go up to 250 and get the summation to take out the long downtrendline from 1997 to confirm my theory that we have seen and ABC bottom in march in the nyse a/d line from the 1998 top.

brkb is also near it's downtrendline from the B top, if it takes it out i think you can rub it in to dennis a little, because i believe that value will outperform growth for a while.

ssb
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