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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: bobby beara who wrote (82965)4/1/2002 8:55:48 PM
From: KymarFye  Read Replies (2) of 99985
 
" i keep looking at the naz and thinking we are putting in a right shoulder here of an inverted sloppy H&S pattern with the left shoulder at the low of early feb"

I see whachu mean, but it's hard to get a very meaningful or useful neckline out of it... sentiment wise though it make sense... if we were to get a major move up, people'd start talking about the monster-size inverted H&S with H at Sep lows and you know the rest...

squirrely though it is... the world at large is pretty squirrelly, too... I mean, suicide bombing is in a major uptrend, but my indicators say it's overbought... not ready to go long on peace, but talk about blood in the streets....

otherwise, everything's too "in range" on all the indices for me to get hot and bothered about it... I know there are plenty of bulls and bears out there though ready to "told us so" whatever it does... assuming it does SOMETHING...
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