MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: HairBall who wrote (925)	12/8/1998 5:01:00 PM
From: donald sew	Read Replies (1) of 99985

LG, >>>>> The DJI reversed and came back through that trend line and closed above. This is not normal. The DJI needs to drop back out of the Flag fairly quickly or this formation may negate... <<<<<< The flag formation could also just be morphing into a RECTANGLE, and a rectangle is also a bearish formation. What would negate the possible rectangle is a strong run above 9200 immediately. Seeya

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