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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: HairBall who wrote (9116)	3/25/1999 10:47:00 AM
From: HairBall	Read Replies (2) of 99985

To All: The RUT is banging its head against the lower trend line of the resolved bearish rectangle. This is an important resistance level to watch. (Approximately 400) The COMPX remains with in its bearish flag. The upper ascending trend line is at approximately 2435 for today. This is another important resistance point to watch. A close above approximately 2390 the centerline of the long term trading envelope, would imply further upside movement. The UTIL has found resistance in the area of the lower tine of its short-term rising pitchfork. The UTIL has traded below and outside of that fork for the previous two trading days. The TRAN will find resistance at the support/resistance line area at approximately 3297. The DJI is finding resistance in the area of a support/resistance line at approximately 9760. Just some areas to keep an eye on. My charts can be viewed at Monty's MDA Chart Site at: cp-tel.net BWDIK Regards, LG

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