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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: James Strauss who wrote (49939)5/9/2000 12:41:00 PM
From: flatsville  Read Replies (2) of 99985
 
I see how they connected the line (running through the 4/24 tail,) but I think a break of the lower line of bear flag at 3600 (formed by connecting the 4/17 and 4/24 lows) was important to watch.

chartpatterns.com

Also the triangle you see and mentioned to el is a symmetrical triangle in an UPTREND. This looks like a down trend to me--thus no triangle.

chartpatterns.com

Message 13635510

Again it's all in how you draw the lines...
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