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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Lee Lichterman III who wrote (16510)6/9/1999 9:00:00 AM
From: Gersh Avery  Read Replies (2) of 99985
 
Morning Lee

Red fork tines:
Upper : 1328.86 (11.51)
Mid : 1270.49 (-46.86)
Lower : 1212.13 (-105.22)

Black fork tines:
Upper : 1375.31 (57.96)
Mid : 1339.74 (22.39)
Lower : 1304.16 (-13.19)

Prem values for the day:
buy trigger 3.44
fair value 1.18
sell trigger -0.98

Globex opening trigger values:
Buy trigger : -51 (1320.79)
Sell trigger : -493 (1316.37)

16 day SMA 1311.77 (-5.58 )
20 day SMA 1322.58 (5.23 )
36 day SMA 1332.26 (14.91 )
50 day SMA 1328.48 (11.13 )


To everyone:

Sorry I haven't keept up my chart page as well as I should. The forks that I've been watching have been holding the market very well. It'll be ~6/23 before it will be impossible for the SPX to still within both at the same time. Within the confines of the forks the SPX has done very well bouncing off (or stopping momentarily) at the 16,20,36 day simple averages and the fork tines above.

Chart is updated for today.

Gersh
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