MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: HairBall who wrote (13550)	5/11/1999 2:11:00 PM
From: j.o.	Read Replies (1) of 99985

Looks like we are potentially building the second shoulder on an intraday H&S. I make the neckline 1359 on the futures, about 1354 on the cash. The key on my chart is the 1363 level in the future...break back above that and we are going to have a very bullish close. I guess that this is somewhat in line with the 1360 resistance mentioned earlier by you and jaime? j.o.

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