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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: StockOperator who wrote (12090)4/26/1999 11:10:00 PM
From: StockOperator  Read Replies (1) of 99985
 
re possible breakout.

I just wanted to add one more thought to my previous post. The patterns I described for the major indexes are ones that have NOT broken out as of yet. So I would not try to make any kind of pre-emptive move UNTIL the market gives you the green light for any new positions. At this stage of the game any breakout here should be strong and decisive with the avgs moving in tandem.

A failed attempt could quickly push the avgs lower. It pays to be cautious.

Good luck

SO
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