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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: James F. Hopkins who wrote (22195)	8/5/1999 10:07:00 AM
From: HairBall	Read Replies (2) of 99985

Captain: Looks like that retrace could not materialize. The COMPX just fell through the major support area with the NYA dropping below its support as well. The OTX fell off a cliff this AM, while the VGY continues its steady decline. Momentum to the downside has got to start increasing "now" as long hold outs realize the bounce they have been looking for may not be coming. Regards, LG

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