MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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4:00 PM EST

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To: HairBall who wrote (786)	12/7/1998 4:59:00 PM
From: bobby beara	Read Replies (2) of 99985

LG, I think we are in breakout mode, RUT is threatening to breakout of an ascending triangle and MSFT is showing signs of strength. Last Thursday when 29 of 30 dow stocks were down, could have been enough of a throw in the towel, indescriminate selling, capitulation bottom for another buying bash. A positive breadth day tommorrow will bring the Oscillator back across the zero line possibly creating a secondary buy spike and turning the summation index up at it's 20dma support. I tapped into the drillers on open and got a gusher -g- big volume reversals. bb

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