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

To: HairBall who wrote (19746)	7/9/1999 11:27:00 AM
From: r.edwards	Read Replies (1) \| Respond to of 99985

his chart starts at 10/23 goes to current period, h&s is approx. from 3/29/99 to current, i just want to buy some oex puts for a scalp, but dont want to go against a rising bond mkt.....bwdik.

To: HairBall who wrote (19746)	7/9/1999 11:37:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

LG, incidentally, the very same rising wedge is evident in the Dollar index. bullish consensus on the dollar according to market vane is now 93%. conversely, on gold it is 13%. this may be an early warning sign, although these data are admittedly not useful for precise timing. regards, hb

To: HairBall who wrote (19746)	7/9/1999 8:12:00 PM
From: sean sanders	Respond to of 99985

LG, I just read your post "I have found that most H&S patterns identified are often non-existent patterns and even when correctly identified they are a low percentage plays at best." I thought I'd comment on the fact that I agree with you about the H&S being tough plays ... ie low percentage. That pattern is one of the most miscalculated patterns that I have traded or paper-traded. Although I dont have that much experience with wedges I will need to take a look into those. Sean