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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: donald sew who wrote (9950)	4/6/1999 9:54:00 AM
From: HairBall	Read Replies (2) of 99985

donald: The UTIL has risen as of late partly because of the falling TYX.X. Prior to the two day rise, the UTIL had fallen as the TYX.X had risen. Your "quitar" reading on the TYX.X bottoming supports the fact that the UTIL had fallen below a long-term support line and now has risen two days to test that as resistance today. As I type it is at the threshold of that line which is at approx. 298/200 today. You can see this support line turned resistance line on my Dow Jones Utility Chart at: homestead.com Regards, LG

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