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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.68+0.7%Nov 26 4:00 PM EST
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To: The Perfect Hedge who wrote (14319)5/19/1999 12:07:00 AM
From: bobby beara  Read Replies (1) of 99985
 
B*, the NDX triangle closed pretty much at it's axis, which is the January high, the decision should be made within the next few trading sessions. The trendline off the October and 4/19 lows has not been violated and has been support on each retracement since 4/19, you have to give this longer trend precedent, until it is broken (on volume)

I wouldn't commit either way fully until we get some volume and direction.

bwdik,
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