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

To: Benkea who wrote (40531)2/17/2000 9:39:00 PM
From: dennis michael patterson  Respond to of 99985
 
b! you surface!! I have read all the charts on ST-- they are still on a ST sell. tomorrow will be interesting. Monday moreso. Europe should selloff tomorrow-- they are spooked by Greenie



To: Benkea who wrote (40531)2/18/2000 1:05:00 AM
From: Michael Watkins  Respond to of 99985
 
Benkea, the Banks are unbelievably ugly. I don't think that Gap support is likely to hold, just too long ago. A measured move down using the distance from the head to the neckline would bring the banks close to Oct 98 bottom to the 610 range. Looking at the weekly chart and drawing some lines, my bet is that it tests the 606 range eventually.

Looking at the chart on a weekly basis gives a scarier picture... but probably accurate.


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