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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.63+0.4%Nov 19 4:00 PM EST

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To: James Strauss who wrote (1547)12/13/1998 1:27:00 PM
From: Trumptown  Read Replies (1) of 99985
 
"Note how the transportation average is also breaking resistance levels to the downside..."

What makes this particularly troubling is that that the price of oil is WAY down...and this should be helping the transports...right?

I'm also amazed at the visual/graph/chart similarities to the July peak...except this one seems a bit more exaggerated...

Who nows, but all things seem to be in place for a nasty slide...

SR
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