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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: el paradisio who wrote (48481)4/28/2000 2:04:00 AM
From: Michael Watkins  Read Replies (1) of 99985
 
paradisio,

Actually in my book its dead stuck in congestion. The generally declining volume as GE trades in a range for past month plus is an indication. Having said that, it did fail to hold new highs, and if I liked it as a short it would have been on the break of Wednesday's low, and my stop loss would be the break of Wednesday's high (probably less).

But GE not dead yet, just in congestion, time will tell.

Re the financials and drugs, of the two the drugs look stronger.
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