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


To: dennis michael patterson who wrote (26908)9/23/1999 7:07:00 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
Dennis, using spy as a proxy, we had expanding volume during the first fakeout breakout of my triangle and absolutely drying up to zippo volume when it came back into a point, i think this meat grinder market has whipsawed traders like crazy and now they just want to send it one direction or another, the expanding volume leaving the point, has made the decision.

bb



To: dennis michael patterson who wrote (26908)9/23/1999 7:52:00 PM
From: Les H  Respond to of 99985
 
SPX hit the lower weekly band today as it did on August 10 at 1277. The lower daily band was at 1290 yesterday. These are 90% bands anchored by the 28-period EMA.

The lower Bollinger band is at 1274.