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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: donald sew who wrote (5616)	2/7/1999 2:16:00 PM
From: bobby beara	Read Replies (1) of 99985

>>>I checked my short-term technicals on some individual issues like AA,IP,GP,MMM,CAT, etc and noticed that they are in or approaching CLASS SELL territory<<< Donald, AA has a very bullish chart pattern. A year long in the making inverted H&S pattern with a bullish gap across the neckline on big volume in the first week of January, then a retest of the neckline on low volume during this corrective phase and a big jump off it Friday on triple avg. daily volume. pattern projects for another 15% rise in price. should be bullish for the whole metals group. bb

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