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

To: HairBall who wrote (20636)	7/20/1999 9:29:00 PM
From: sean sanders	Read Replies (1) \| Respond to of 99985

To All, My view on the recent dow action and it's implications: I feel that the dow has a greater propensity to continue on down toward where it broke out of the symmetrical triangle. I don't feel overly confident as this being fulfilled, actually my confidence seems to be around 5/8. Now the dow may do a indecision day (spinning top - or little flag), but I still feel it will end up close to where it broke (where the trendline would extend from the symmetrical triangle). Normally I would like more days (candles) to confirm certain moves; but since we had a nice down day today and we all have money in the game I feel I myself wanted to know what may be instore. any comments? Here is a chart ... geocities.com I should say I could be totally off and it might just fly back up there. Sean