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


To: dennis michael patterson who wrote (28359)10/4/1999 5:21:00 PM
From: bobby beara  Read Replies (3) | Respond to of 99985
 
dennis, remember we talked about the failed H&S on EMC, now i believe we have it on the spx.

decisionpoint.com

fantastic bottoming structure in this indicator and went positive today (not updated on this chart) creating a buy spike.

SPX reversing the target, the 1150 spx target has now been changed to 1550 -g-

airlines, drugs, gold, all kind of sold out sectors coming to life, former darling but now unloved IOM is perking up -g-

Ralphy threw in the towel and went bearish, this is the reverse of Dick Russell going bullish on the 4th of July.

bb



To: dennis michael patterson who wrote (28359)10/4/1999 5:46:00 PM
From: Jerry Olson  Read Replies (2) | Respond to of 99985
 
Hi Dennis...

i'm totally in the dark right now...but there are 2 out of 3 senarios that are bearish...i'll take those odds...

i think he might grab the last one back...if he doesn't and moves to tightening bias, that would be worse...

at 2.15 manyana we'll all know..

regards