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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Haim R. Branisteanu who wrote (26098)	9/16/1999 5:31:00 PM
From: Matthew L. Jones	Read Replies (2) of 99985

Haim, I also anticipated a bounce today (see my last night posts) which probably would have happened had everyone not gone home in the afternoon due to the weather. I think we are yet to see the rally. Today was pretty much a non-event. We just ran out of volume after lunch. BTW, the simple 200 MA has the target at 1299 and at 12:06 today (the intraday low) we touched 1299.96 which is close enough for me. You probably use the Exponential MA which puts the average a little lower. At any rate, it should serve as support. If not... it's going to be real bloody IMO. Matt

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