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


To: HairBall who wrote (6151)2/11/1999 8:19:00 PM
From: bobby beara  Read Replies (1) | Respond to of 99985
 
LG, I will be doing more detective work tonight. I haven't really looked at enough charts yet to be conclusive.

On the bear side it really bothered me that amzn looked like it was trying to make the h&s pattern it developed into a failed bearish pattern today. It also bothered me that I heard one newsletter writer comment on how people were calling him up to get them out of there positions yesterday (capitulation)

The Dow took out it's downtrendline, however it has yet to take out the triangle formed from the 13th bottom.