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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: Lee Lichterman III who wrote (16608)	6/9/1999 7:13:00 PM
From: donald sew	Read Replies (2) of 99985

Lee, The short-term trend is down, not to say that the market will collapse, but we should at least get close to the previous lows. Most of my short-term technicals are in the upper midrange - overbought, so there is significant potential downside. Im far from convinced with that upswing in the NAZ today, and expect the DAY 3 pattern to have a good chance of working. seeya

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