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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: donald sew who wrote (1321)12/11/1998 9:54:00 AM
From: HairBall  Read Replies (2) of 99985
 
donald: DJI H&S pattern: The first shoulder's drop before heading into the head, seems to be a little higher than 8750 and is being tested as we speak. (DJI daily chart)

If it does not hold, next support is at a previous Bull Flag consolidation price action ranging from 8600/8400 area. (approximate numbers)

EDIT: The 200 day SMA is also support at the 8700 area.

BWDIK
Regards,
LG
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