MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

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Nov 25 4:00 PM EST

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To: j.o. who wrote (14501)	5/20/1999 5:42:00 PM
From: bobby beara	Read Replies (2) of 99985

j.o. on the nutz front, the triangle is tightening and we should know the resolution by tomorrow or monday, i am wondering if the nutzbanks are leading indicators as they have broken out of their triangles on volume and are in free fall. I bought CNET on the initial pop this morning, should have took the nice profit, but got stopped out at breakeven on the close. Another source of possible trouble ahead is the YEN, which has an inverted h&s base and it recently broke out of a triangle, Hong Kong Dollar looking weak also, HSI has broken down out of a little H&S top. bb

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