MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (17469)	6/15/1999 8:52:00 PM
From: bobby beara	Read Replies (2) of 99985

Heinz, i think some of the internets are trying to dig in here, the gin is not far from the january lows, which would be an exact .618 retracement of the move from september. AOL bumped off an area of support today, i think the gin could go up and make a right shoulder, compared to the jan left shoulder, could be a very violent short covering rally coming any day now. this could be a rally sparked by a positive reaction to eco #'s. bb

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