MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: bobby beara who wrote (13604)	5/12/1999 4:19:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

I see the old H&S but I am having trouble seeing the inverted one. I was scanning through my stuff tonight though and the internets sector charts (DOT, INX and IIX) all look pretty bullish bouncing off my forks on the weekly charts. Hopefully I will get some time to update them all soon on the sites. AOL and EMC also appear to be forming tweezer bottoms on their respective weekly charts. I still don't like the low volume on many issues and I see a few H&S formations on some of the other tech weekly charts trying to form also. I think TA is out the window (blasphamy, did I just say that? <g>) since I think the PPI/CPI dta will dictate our direct at the end of this week. My main interest is how much is already priced into this market so that bad news could become good news etc. Onthe charts, the TYX had a nice firm bottom put in and won't meet any real resistance until the 6% area then the 6.45% area after that. Good Luck, Lee

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