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

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To: epicure who wrote (164)12/3/1998 1:31:00 PM
From: HairBall  Read Replies (1) of 99985
 
X: (Intraday Actual 60 Minute Interval Semi-Log Chart)

Well, the DJI is trying to form something. If it is a Bearish Pennant it is not a pretty one...<g>

In addition, the SPX is trying to form a Bearish Flag and the NYA is somewhere between a Bearish Flag and Pennant.

My persona indicators are pointing down. So, these rough formations are tending to support that notion! Maybe by the end of the day they will give off clear boundaries.

Thanks for the heads up...

Regards,
LG
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