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

To: Lee Lichterman III who wrote (25359)9/9/1999 2:25:00 PM
From: Stephen  Respond to of 99985
 
Quite a lot of distribution going on ... Fed coupon passes, nut upgrades .... they still won't keep this sucker afloat by end of day ...

Edit ... course ... before the close there will be a move based on tomorrow's numbers that the select few will have the low-down on ... so .... I guess we'll see !

Stephen



To: Lee Lichterman III who wrote (25359)9/9/1999 2:54:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Lee,

On the DOW, take a look at the 15-min or 30-min charts. Looks like a BEARISH PENNANT or DESCENDING TRIANGLE. What do you think?

seeya



To: Lee Lichterman III who wrote (25359)9/9/1999 2:58:00 PM
From: donald sew  Read Replies (2) | Respond to of 99985
 
Lee,

I rechecked, and not sure if its a BEARISH PENNANT or not, but if it is a DESCENDING TRIANGLE, that would be bearish.

seeya


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