MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+1.6%

Nov 10 4:00 PM EST

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To: HairBall who wrote (4629)	1/23/1999 7:40:00 PM
From: Terry Whitman	Read Replies (2) of 99985

Very comprehensive chart there, LG. Here is how I would read it in three words or less: Sell the Rallies! -gg- We're all familiar with a head and shoulders pattern- but, have you ever heard of a "decapitated head and shoulders"? Take a glance at this 60 min. Nasdung chart: iqc.com Definitely a 'decapitated head' on 1/20. Neckline ~2270, and projection to 2160. I don't know if that chart pattern name exists, so I'll claim it if not. -vbg- It sounds pretty bearish, eh? Best Regards, TW

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