MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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4:00 PM EST

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To: Teresa Lo who wrote (22245)	8/5/1999 10:25:00 PM
From: John Pitera	Read Replies (1) of 99985

IS, I had the SPU9 bouncing off it's 200 dma at 1293 as well as holding the June lows. the rally in the nets was constructive, but I agree we need more evidence of an upturn to embrace the bull, and the cycles are hard down the next 2 weeks. This can seriously limit the upside and give us an opportunity to probe the soft belly of the beast. -g- John

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