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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: KymarFye who wrote (60677)	10/15/2000 6:54:53 PM
From: bearshark	Read Replies (2) of 99985

Kymer: I agree with you. To me, looking at charts without volume is the same as viewing the world in two dimensions. There is no second "double-top" on ARBA and the other "double-top" is spaced correctly but the pattern and volume is not to my liking. However since ARBA failed to make a new high on its second attempt, it is still in trouble at this point. Again, as to the INDU, the volume is wrong for a complex head and shoulders. Until the INDU breaks 9796 on a closing basis (and I think I incorrectly posted 9975 somewhere a couple of months ago), I do not consider this a bear market. Some of the excesses have been wrung out of the secondary markets. Some of these secondary markets do have bear patterns.

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