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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 678.87

-0.3%

Dec 16 4:00 PM EST

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To: Matthew L. Jones who wrote (24197)	8/30/1999 9:33:00 PM
From: stockycd	Read Replies (1) of 99985

Thread, Has anyone got a take on the very light volume we've seen with this selloff? I'll take 'em any way I can get 'em and I can't help but think the big boys have yet to start pulling the trigger. I covered my QQQ short today at the close and will hopefully go long QQQ tomorrow morning around 116 1/2 for a daytrade. The odds of us having a 4th down day are slim. We'll see. BTW. I've got the DOW sitting right on a middle tine of a down fork.So a reverse up tomorrow will be in order. The other indices have a little further to go. The H&S formations in the SPX, NDX/QQQ look almost classic. But we need a bounce. Regards, Chris

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