MDA - Market Direction Analysis

[deuce bigalow]

but isn't it a bit overdue for a pull-back?<<<<
augie, it
has been for over two weeks, but instead of pulling back we have this sideways consolidation, looks like a bull flag, you can see that little bear flag on the put/call ratios that we broke down out of friday, this kind of tight formation should produce a directional move, if nothing spoils the msft news on monday, msft will have a gap open above significant resistance, ge looks like a downsloping bull flag



we have had several indecision days lately, on thursday ge had a doji, friday had a bullish engulfing of the last two trading sessions.

These two stocks have enough meat to move the markets, the volume was low on friday, but that doesn't matter, what will matter is the volume on monday and how the market acts, a breakout and close on the high monday with strong volume would indicate that we are starting another leg up off the october lows, thats my thinking right now.