MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: American Spirit who wrote (78640)	6/14/2001 12:10:19 PM
From: eichler	Read Replies (1) of 99985

A.S., Intraday charts are lining up for a bounce here, possibly to fill today's gap. However, there is an ominous series of lower lows and lower highs (60 min chart) which portend continued weakness. Would not count on a sharp rebound, unless yesterday's high can be taken out, which I doubt. Daily chart (compx) not nearly oversold yet, BTW. Regards, Eichler Neckline of the indexes (Complex H&S pattern) being penetrated spells BAD NEWS!

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