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


To: donald sew who wrote (24258)8/31/1999 1:29:00 PM
From: Lee Lichterman III  Read Replies (2) | Respond to of 99985
 
Thanks for the reply. Not sure if I should try legging in early here or wait for a re-test. Hard to tell if we are forming a bearish wedge here or a series of higher lows and highs on the 3 minute bars. I will most likely wait it out and see what transpires. Bond backing of a bit and TRIN coming down but still well within sell off territory. Amazing how flat it went after that strong sell program. It is like everyone decided to take a break or their voices all went out. <g>

Again, I know they are low percentage but IF this is a bounce point, it is remarkably a perfect spot for forming the right shoulder on a H&S so I will not be holding any longs I might take here very long.

John T - Thanks for the link. Looks like NAPM came in about as expected but the prices paid were up substantially. You should change your name to Paul Harvey >>Rest of story:<< <g>

Good Luck,

Lee