MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: James F. Hopkins who wrote (22945)	8/13/1999 9:18:00 AM
From: j.o.	Read Replies (1) of 99985

Hi Jim, The Dollar is rallying nicely against EURO and GBP. With the bonds looking solid after the number, I see room up to 114-28 or so. That's the top of the hourly downtrend resistance, and if we can clear that, we're headed for 116-00. I'm going to try to get long stocks at reasonable levels on the open - that pretty H&S in the 15-minute Dow yesterday will go unfulfilled. I think that we'll retest yesterdays highs at the very least as a result. BWDIK!! Good trading. j.o. indextrade.com

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