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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.88-0.3%Jan 30 4:00 PM EST

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To: Challo Jeregy who wrote (7116)2/26/1999 10:57:00 PM
From: bobby beara  Read Replies (1) of 99985
 
>>>So, any Favors experts - is that a bad sign? <G> <<<

CJ, I'm not a Favors expert, but since he was out of the market for most of the ride up from October and is now bullish -ggggg-

Bellweather INTC GAPPED across support today ON BIG VOLUME.*

The rounded top has a measured move to 100 and that would fill the gap to new highs it made in mid-november.

Intc was a leader on that mid-november gap and I believe it will perform the same duty here.

*This reminds me of the gap across the uptrendline that IBM did in late Jan.

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