MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: HairBall who wrote (48389)	4/27/2000 11:44:00 AM
From: AllansAlias	Read Replies (3) of 99985

As hard as it is to believe, I make both the DOW and the Composite as breaking to the upside out of their pennants (bear traps). The market is right, the rest is just oversized brains at work. Strange but true. We gap down just over 3% and then we rally almost 4%. The word volatility in an historical context no longer applies to this market. My guess is we'll form an H&S intraday, but WTHDIK. --Allan

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