MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: pater tenebrarum who wrote (18842)	6/29/1999 7:28:00 PM
From: GROUND ZERO™	Read Replies (1) of 99985

hb, Here's a strong technical reason why I believe these equities are moving higher: Look at the SP cash chart... early this year there were several tops at about 1280ish... the market broke through to the upside and has now come back to test that level as support..... of course, the markets can do what they want, but I believe the heavy burden of proof now rests with the bears..... My Best. GZ

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