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


To: Jerry Olson who wrote (16063)6/7/1999 5:34:00 AM
From: bearshark  Read Replies (1) | Respond to of 99985
 
OJ:

Chip asked me about the inverted H&S on the Nasdaq. I did not see it because it was too distorted. These things really need to be viewed with volume to make a correct read. However, sometimes the pattern is just too nice.

Here is a nice pattern without the volume.

quote.yahoo.com^KS11&d=2y

It isn't perfect either. There is supposed to be a good deal of talking about the INETS this week in New York and elsewhere. I have the INETS at a key point. If they fail here, I think they are reinforcing my belief that they are in a bear market. If they do not fail here and move up smartly, I will be in calls on them.

The first three days of this