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

To: HairBall who wrote (8774)	3/23/1999 9:42:00 AM
From: Lee Lichterman III	Respond to of 99985

I guess I should have said "what could be bull flags". Basically, they are not dropping as expected and are instead trailing only slightly downward after running up. This pattern though early could become bull flags after a brief consolidation period and needs to be watched closely. I still agree that the internals are nasty and the SOXX, BTK and RLX sector charts are falling more as expected but a few days ago at the top, all the index charts looked bearish. I am merely pointing out that not all of them have "given up" yet. EDIT - Pretty good start today <g> Those bull flags could become waterfalls real quick at this rate. Good Luck, I have to go to work, Lee