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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.70

+0.7%

4:00 PM EST

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To: dppl who started this subject	5/3/2002 1:45:04 PM
From: Temple Williams	of 69470

The animated chart shows some interesting things today ... first a news-driven compression of the movement to 1070.00 (suggested yesterday), blamed by talking heads on the release of the unemployment numbers ... and then the sideways shift (what I call a stretchmark) as the boyz in the pits recover from the opening snap down, and then the restructuring of the chart back to close to where it was in the first place as market reality returns to prices. Don't know about anyone else, but I learn useful lessons from these animatics ... here's the chart so far today sellnow.net .......... sellnow.net

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