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

To: donald sew who wrote (4801)	1/28/1999 8:20:00 AM
From: HairBall	Read Replies (1) \| Respond to of 99985

donald: Do you have any parameters for that pennant? Regards, LG

To: donald sew who wrote (4801)	1/28/1999 9:15:00 AM
From: Lee Lichterman III	Respond to of 99985

I see one that started around the 25th but it doesn't sound like the same one you are seeing. Mine broke down on yesterdays close but this morning's bounce should negate it. The SPX has one starting the afternoon of the 26th but it too will be resolved by the close and more resembles a bullish flag. The pitchfork you see in the 60 minute is the same one I mentioned last night I believe that can be seen in the daily. It rises sharply until it meets the mid term fork where life will get interesting. This morning's futures are only up enough to continue the pennants I am seeing implying that the drop on the close yesterday was premature and that the real fun will come later. Have to go to work, Good Luck, Lee