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: Lee Lichterman III who wrote (25628)	9/13/1999 1:14:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Well I haveto say the chart right now has an upward bias for the next 1/2 hour or so but I am not sure enough to buy calls on it as the bounce may be only a point or two and not enough to scalp much. After that bounce... who knows. For the day, I still think it is downward biased but it depends on which way they want to "pad" for tomorrow's report. If they think it will be bad, I would expect them to take us up today to allow for a drop tomorrow, if they think it will be benign, then I would expect a dip today to pad for tomorrow's rise. To unsure to bet either way right now unless a better scalp presents itself. Good Luck, Lee

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