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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: Haim R. Branisteanu who wrote (18173)6/22/1999 7:39:00 PM
From: bobby beara  Read Replies (2) of 99985
 
Haim, after looking at the charts, yes we did have a shooting star and the nasdaq bounced off it's upper 50 day band.

iqc.com

and we have three gaps from the 6/15 low, the final gap a smally intraday gap, which was closed on this big sell-off, which may be an exhaustion gap, buyers ran out of money intraday trying to hold up the market and extend the rally.

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