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

To: Casaubon who wrote (83568)	12/17/2002 10:19:13 PM
From: bobby beara	Respond to of 99985

well some charts are making narrow flat ranges for about 6 trading sessions, my original theory was that the little three day ziggy zaggy rally last week was a bear flag and that the breakout on friday would take all the indexes down to their november lows and that's where santa would pull out the sleigh, but since we had some pretty extreme sentiment and some oversold trins i figured we could start a little higher with monday mornings rally, now i'm not sure, it's possible the bear flag last week is just extending sideways for a few more days, or this tight range will still break up. mark young called this market neither fish nor fowl -g-, unless you mickey d's and you just served up a fowl new 52 week low. stockcharts.com\|B intc has some really narrow bars, this one should make a move any day now.