MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Vitas who wrote (16084)	6/5/1999 8:53:00 AM
From: donald sew	Read Replies (3) of 99985

Vitas, >>>> I see a set of railroad track down trendlines in GE, and until it breaks above it, I'm not worried about missing more upside. It and the market rallied on lower volume today, so, so far, it's not very impressive. <<<< I, also, watch GE as a indicator of this market and agree with you that it is still in a downtrend. GE also have a CLASS 2 SELL signal and the sell signals on GE are very accurate. Besides the light volume, the runup in the market mainly occured in the last 1 hr 15 mins of trading, which gives me the impression of window dressing. seeya

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