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

To: Paul Shread who wrote (56757)7/18/2000 4:44:24 PM
From: Saulamanca  Read Replies (1) | Respond to of 99985
 
Paul, Although I hate to put price projections on some patterns, I see what you mean about the bear flags.

I see broken intraday rising wedges in the SPX, NDX, NAZ and the SOX.

Friday the Naz put in a hanging man. All a hanging man suggests is that the market is vulnerable and the prior trend should end. Since the prior trend was up, we should either move sideways or down.

--Jim


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