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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+1.6%Nov 10 4:00 PM EST

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To: stockycd who wrote (18567)6/25/1999 1:46:00 PM
From: Lee Lichterman III  Read Replies (1) of 99985
 
>>I think we are in the midst of a Greenspan selloff<<

???? What do you mean? Is he speaking today?

downward trendline connecting previous few highs is holding so far TICK creeping up into serious negative territory. Advance decline is even across the boards but declining volume is winning on the AMEX and BB issues. Volume is even on the other indexes.

Was this bounce to get some steam going to break the support line or is this going to prove to be a double tap onsupport before launching upwards? Inquiring minds want to know. I still find it hard to believe we won't get some sort of a J6P bounce before the close but I know I am not going to bet any of MY money on it. <ggg>

I guess this will prove another day where I had the chance to trade but am left standing on the sidelines.

Good Luck,

Lee
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