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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Compadre who wrote (14495)	5/20/1999 2:28:00 PM
From: bearshark	Read Replies (1) of 99985

One thing that really bothers me is the similarities between--what has happened this year and what my data shows may happen in the near future--and-- what actually happened in 1998. It looks very similar. In both years, we came off of inverted H&Ss and met their expectations. Then we had a rounding top in May 1998, a new high, and then the drop in July. However, I cannot fight what I see. Anyway, I will not set positions until June or possible a little earlier.

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