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

To: Lee Lichterman III who wrote (13504)	5/11/1999 2:43:00 AM
From: Smooth Drive	Read Replies (1) \| Respond to of 99985

Hello Lee, >>. MSFT again failed to show much strength nor did GE.<< Just updating my Bellweather GE. It reversed up last Thursday and has formed what will be an upbreak of a symmetrical triangle (lower tops and rising bottoms) if it can rise to 116: * 116 4 * 114 X O X 112 X O X O + 110 X O X O 5 + 108 X O X O X * 106 O X O X * 104 O X O * 102 O + + Peaked at 117.44 on 4/13/99. I'm seeing some strength in GE with this pattern and the other indicators I look at. We'll know soon enough. Take care, Eric