MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Casaubon who wrote (52629)	6/3/2000 1:10:00 AM
From: Casaubon	Read Replies (2) of 99985

OK, this is pretty close to finishing the top of the neckline, on the right side of the head, right on QQQ <ggg>. stockcharts.com[PB50!B200!D20,2][VC60][IUB14!LA12,26,9!LI14,3] The stochastics are toppy, so after a brief monday morning ramp job (this may actually hold until tuesday), I expect a decline to the 200 DMA to create the right shoulder. Then, it's upwards to 4,400, or so, to complete the measured move of the inverse head and shoulders. Beyond that, I can't say <ggg>.

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