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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Lee Lichterman III who wrote (4180)	1/19/1999 2:30:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

Piggy backing on DOn's wedge idea, I just applied it to the SPX and it gives basically the same picture but is more extreme. Connecting the highs of September 23, those in late November and the recent highs for the top of the wedge and the lows of October and December for the bottom. With this, the wedge is much steeper and we are teetering on the lower edge right now. Interesting that the AG is speaking this week. <ng> Lee

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