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

To: HairBall who wrote (18589)	6/26/1999 2:06:00 PM
From: Casaubon	Respond to of 99985

Ebay has completed a textbook "dumpling top", with evening doji star reversal and confirmation via a downside gap. iqc.com Any moves to the upside should probably be viewed as shorting ops. I initially believed the stock would overreact (bouncing off the bullish support line back to the bullish resistance line) and try to close the window, hitting the downtrending resistance line at about $178 (at which time I was going to try and buy puts). The failure to close the window at $163-167 has caused me to reduce my targets.