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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 675.02

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Nov 25 4:00 PM EST

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To: bobby beara who wrote (12992)	5/6/1999 4:09:00 PM
From: TraderAlan	Read Replies (1) of 99985

BB, Descending triangles have a strong tendency to fail, symmetrical triangles are 50-50 and ascending triangles have a strong tendency to break on the upside. The break below 28 on SEEK (violation of the triangle) would have provided an excellent short sale with a 25%, 3 day decline. you also had the clue of the development of the Adam and Eve double top, specifically the round Eve second top that led to the break. Did you ever read my article on 5 wave declines? You can find it at: hardrightedge.com Alan Farley editor/publisher The Hard Right Edge hardrightedge.com

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