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

To: HairBall who wrote (786)12/7/1998 4:59:00 PM
From: bobby beara  Read Replies (2) | Respond to of 99985
 
LG, I think we are in breakout mode, RUT is threatening to breakout of an ascending triangle and MSFT is showing signs of strength.

Last Thursday when 29 of 30 dow stocks were down, could have been enough of a throw in the towel, indescriminate selling, capitulation bottom for another buying bash.

A positive breadth day tommorrow will bring the Oscillator back across the zero line possibly creating a secondary buy spike and turning the summation index up at it's 20dma support.

I tapped into the drillers on open and got a gusher -g- big volume reversals.

bb



To: HairBall who wrote (786)12/7/1998 9:20:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
LG, ascending triangles are the most reliable patterns that I have found. The McOscillator broke the downtrendline today, as long as breadth stays positive over the next several days I believe we have at least another 100 points up on the Daq. bb


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