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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%Nov 20 4:00 PM EST

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To: donald sew who wrote (12504)4/30/1999 12:45:00 PM
From: Daflye  Read Replies (1) of 99985
 
TYX looks to be forming a pennant??? With the upside resistance line,
that repelled it at 5.63-5.65, projected out thru next week puts it in the 5.61-5.63 area, support line 5.55-5.58. Should fall into the May 6-May 8 timeframe????

Isn't there a FOMC meeting on the 8th?

Geesh as I type TYX is spiking up hard. I wonder if the current pattern on the OEX/SPX with repeat. The one that projects a rise to 705-710 OEX and 1410ish SPX??? Seems too obvious, but hey, WHY NOT???

Cheers,
D

EDIT: DUH May 8th is a Saturday, my bad.
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