MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+1.6%

4:00 PM EST

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To: Paul Shread who wrote (56757)	7/18/2000 4:44:24 PM
From: Saulamanca	Read Replies (1) of 99985

Paul, Although I hate to put price projections on some patterns, I see what you mean about the bear flags. I see broken intraday rising wedges in the SPX, NDX, NAZ and the SOX. Friday the Naz put in a hanging man. All a hanging man suggests is that the market is vulnerable and the prior trend should end. Since the prior trend was up, we should either move sideways or down. --Jim

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