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


To: Fun-da-Mental#1 who wrote (35176)12/15/1999 6:17:00 AM
From: Doo  Read Replies (1) | Respond to of 99985
 
"Faltering", in my view, is not "consolidating" on decreasing volume.

Looking again, SUNW is the only one that shows possible distribution the way I recognize it. I don't, however, view SUNW or AOL as "blow-off tops". SUNW violated its upper trend line, but the lower is still intact. And, AOL is just breaking out of a long, long base, as did YHOO recently, as much as I hate to acknowlege it.

Unless SUNW violates its lower trend line, or AOL and YHOO fall back into their bases, I don't think they'll provide any evidence of an intermediate term trend change.