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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (18227)6/28/1999 9:54:00 PM
From: Vitas  Read Replies (4) | Respond to of 99985
 
Haim,

I sold puts and closed shorts today. I was hoping for the home run,
but with today's decent a-d figures, the 55 day pattern seems to be melting.

Bought MOT today, It has had excellent tick money flow for the last month. In addition, it recently exceeded its July '97 high
of 90 1/2, pulled back to the breakout, and may be ready to run.

The pattern from '97 looks like one giant cup and handle formation.
The volume has been thin for a breakout, but I'll take it a day at a time.

Vitas