MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: KymarFye who wrote (72387)	3/16/2001 8:59:46 PM
From: bobby beara	Read Replies (3) of 99985

kymar, i just noticed the yen chart that les posted, i don't follow currency charts to much, i do check on the $ sometimes and sometimes i check currency charts of tigers on an asia charting site mrci.com this yen chart is a classic bear market failing rally with a marginal fakeout breakout on an H&S pattern and a rollover. the xau just did the same thing, i did see some candlesticks on the rally tops on some of the golds stocks that made me weary, but i was giving the possibility that we would pullback to the breakout and rally, i bought some yesterday and stopped out today. the only thing that describes these markets, any and all of em is ugly, cash is king, shorting is spicey, imbo

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