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

To: Lee Lichterman III who wrote (18716)	6/28/1999 9:20:00 PM
From: Benkea	Read Replies (1) \| Respond to of 99985

L3: Congrats on what sounds like a promotion.

To: Lee Lichterman III who wrote (18716)	6/28/1999 9:32:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

Lee: I do wonder why you are so sure that the DOW is forming a bullish wedge though. First, my Dow charts are created using theoretical data. So, one can get a different look. And as I see my charts, the theoretical Dow 30 is in a bullish triangle, not a bullish wedge. I determine the bullishness or bearishness of a formation by the price movement into the basis of the formation. However, trend following formations are negated at reversal. And the reversal of major trend following formations portend a major trend reversal. I guess what I am trying to say is that if these formations are negated it will not be your average pullback... I have considerable conflicts in my indicators. So being on the fence is not a bad place to be...<g> Regards, LG