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


To: Benkea who wrote (23432)8/19/1999 1:12:00 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 99985
 
OK all you day traders out there. I am thinking of initiating another short side trade here soon on the OEX. It appears to me we have been forming a bear flag/bearish wedge from the first leg down and now are forming a bearish descending triangle on the OEX.

I am thinking that the next up tick may be the last upward push before the drop. Am I just seeing things or ?????

As Jim Carry would say, Somebody Stop Me !!! Inputs, suggestions???

EDIT - It looks like I waited one wave too long and as I was typing this message it tanked without me. Oh well.

Good Luck and TIA,

Lee



To: Benkea who wrote (23432)8/19/1999 1:25:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
Benkea:

When ever I need a pick me up I listen to Joe Battipaglia.... You gotta admit, he's been right so far... : >

Jim