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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: donald sew who wrote (7578)	3/5/1999 10:15:00 AM
From: bearshark	Read Replies (1) of 99985

Don: I am neither bull nor bear. I am just excited about this move. It appears that the movement of the last 6 weeks has been resolved. The triangle can go either way when, and if, it returns to the apex. At that point the market will either say I can or I cannot. The other nice feature about this specific time is that the INX will be approaching the top of an ascending triangle. It will support the decision made on the INDU stocks. The INDU is now the strongest index. But how would anyone feel with GTand the like at a PE of 33. Finally, in addition to the formations, my numerical information is at a decision point now. These points in the market come about two or three times a year. It is where easy money is made. It is nearly Spring and I can see a beautiful meadow just outside of my little cave.

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