MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

Nov 12 4:00 PM EST

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To: Ditchdigger who wrote (1696)	12/14/1998 1:17:00 PM
From: HairBall	Read Replies (2) of 99985

Ditchdigger: I think the Market as measured by the Dow Industrials is unlitmatley headed lower at least medium-term. However, it will not be straight down at least at this point. I believe we may well see a consolidating pattern in the IND/DJI and the NYA, while the NAZ and SPX play catch up. I still believe the IND/DJI needs to work a bit lower first by challenging a major support area or two. Then a retrace back to....well where is that Donald Sew when you need him...<g> Ok David Plonk/Carl Hittle/Arik...chip in if you will...DMA could use some of that EWave crystal ball stuff you guys are so good at...<g> Regards, LG

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