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


To: dennis michael patterson who wrote (2766)12/23/1998 10:47:00 PM
From: HiSpeed  Read Replies (1) | Respond to of 99985
 
DJX appears to be forming an inverse H&S pattern with the head being 'the month of' September, first shoulder mid July, and second shoulder forming now.

Isn't this bullish?

Meanwhile, we do have strong overhead resistance around the neckline ~9300 which also looks like a double top. I think if we ramp through it, we would have a very bullish scenario......jmho

BWDIK



To: dennis michael patterson who wrote (2766)12/23/1998 11:51:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
What do you make of Asia tonight? Japan down 90+ to the mid 13K range yet HK is up 133 points with Korea flat. My daily indicators are telling me to sell my longs and try to scalp some shorts for a small pullback yet the time of year is in the longs favor. Add to this my weekly indicator is still showing plenty of upside on many of my holdings.

I'm so confused! (Vinny Barbarino)

Lee