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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: James F. Hopkins who wrote (18146)	6/22/1999 5:26:00 PM
From: j.o.	Read Replies (1) of 99985

James - Looks like betting on this race might work out well after all. It looks to me like we're headed for more downside. As long as we don't take out the old highs there's a possibility that we're now going to head into a larger downmove (i.e. a wave 3 after this nice ABC consolidation). That would take out the old lows around 1278 with ease. I am going to check my charts again and try to figure out the likelihood here. Have a good one, j.o.

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