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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 668.73+1.5%Nov 24 4:00 PM EST

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To: HairBall who wrote (825)12/8/1998 9:08:00 AM
From: bobby beara  Read Replies (2) of 99985
 
bobby: Of what ascending triangle do you speak? And is that 100 points up on the NASDAQ Composite?

The ascending triangle is on the NDX and the projection would give the nasdaq several more rally dayz. This thing won't stop till LU and MSFT have blown a gasket.

EDIT: I seem to remember you were telling me the Mc Osc was putting in a triple bottom in November...and the Mc Osc is still below the zero line.

It did around the zero line and created the bottom for the rally into Turkey week, now we have made a bottom and a reversal and are threatening to go back above the zero line which would be short term very bullish.

bb
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