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

To: HairBall who wrote (33997)	11/23/1999 5:25:00 AM
From: GROUND ZERO™	Respond to of 99985

LG, Have a wonderful Thanksgiving Holiday with your family.. we all have lots to be thankful for..... GZ

To: HairBall who wrote (33997)	11/23/1999 9:14:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

To All: I am suppose to be taking a break from the markets, but I just had to look...<gg> Last week I was expecting at least a short-term top between Mon-Wed. Because of the dramatic rise of the COMPX, I was second-guessing myself. With today's action, it is now apparent the SPX Futures topped last Tuesday (in the window) and the NYA and SPX topped Thursday. (one day late) I called the Oct 18th move up and also called the break to the norm of the rising wedge. However, I expected that break to follow the leading trend into the wedge formation which was down. However, I ignored my own indicators and missed the signals that the retrace would be shallow and would reverse back up. Heck, I missed this sharp rally. That was my first miss since I started posting on SI. I needed to see this follow through today, I was beginning to think I had missed two in a row..whew...one miss is enough for a while. I have not seen anyone post the following chart, so I decided to take the time. I have several other very interesting charts, but I promised the wife I would take some time off...<g> My QChart - UTIL (Dow Jones 15 Utilities) Daily Semi-log Chart - Actual Data homestead.com Is this more than a one-day pullback, one would not think so listening to the talking heads this evening on TV. Regards, LG