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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.04

-0.1%

Dec 9 4:00 PM EST

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To: HairBall who wrote (5040)	1/30/1999 6:19:00 PM
From: sean sanders	Read Replies (3) of 99985

LG, I ran across this chart just a bit ago and was wondering how one would protect themselves against this or what is your view on what I should be seeing in the chart rather then a symm triangle. This is EFII ~june 29th geocities.com I tried to stretch my imagination to see a H&S, but that's real hard to do, my first inclination would have been to see a sym tri and then play it when I saw the breakout on 7/15; but obviously this would have been a wrong play. The only other formation I came up with is a large flag that formed 5/25 - 7/15 and with that the slight upwardness of the consolidation would make sense; thus falling once that pattern was pierced on 7/16. hmmm well looks like I may have figured out why the stock did what it did in the process of asking you (we had a large flag consolidation). At least this is what I figured it did. What do you think? Sean

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