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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 687.72+0.7%Jan 5 4:00 PM EST
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To: HairBall who wrote (44477)3/30/2000 7:27:00 PM
From: Terry Whitman   of 99985
 
Looks like a possible support area- but look at that stochastic- still lying at dead bottom.

My bud MK has a market strategy book that lists gains and losses by day of the month. Last day of a month and first 2 days of the month account for half or more of an average month's gains. If there's no rally over the next 3 days I am proclaiming this bull dead.

Defensive issues are performing well. Looks alot like mid 1998 in that respect.
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