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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: bobby beara who wrote (7349)	3/2/1999 6:03:00 PM
From: Les H	Read Replies (2) of 99985

OTX may break the 324 neckline for the double top tomorrow as it is only 4 points away. COMS is a component of the OTX (OTC Most Actives) Index. It was down 5% from intraday high today and down 3% from previous close. This may occur concurrently with the SPX breaking out of its sideways pattern to the downside --- My surrogate NYX (NYSE Most Actives) index is within 1% of breaking below a similar rectangular formation.

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