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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: bobby beara who wrote (10591)	4/11/1999 10:29:00 PM
From: donald sew	Read Replies (2) of 99985

Bobby, >>> , I was looking at the XCI chart which is the instigator of this foobar and it has a very similar pattern to last july thru august period, made a high on july, then had a correction pattern into August that looked like and inverted H&S pattern, gave the bulls some hope, but made a lower high and reversed down into the 8/31 lows.<<< They do appear similar. It just cant be good for the market when more and more indexes are weakening. Thats not to say the DOW/momentum stocks cant go higher. seeya

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