MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Les H who wrote (51934)	5/24/2000 11:37:00 AM
From: HairBall	Read Replies (1) of 99985

Les: COMPX <----- The bounce faltered and has retracted into a bearish consolidation pattern. I now have mixed signals <ng> with a leaning toward a ST bottom being set today. (NYA yesterday.) I guess I will either wait for the pattern to break up or down and hope to get a quick fill or place my bet and use the pattern break to ride or bail...<g> Looking at your industry indexes, I guess a struggle at the previous lows is to be expected. Care to proffer any fundamental reasons to support the Bank Index break? Regards, LG

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