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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

Nov 12 4:00 PM EST

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To: pater tenebrarum who wrote (26188)	9/18/1999 4:09:00 AM
From: Jorj X Mckie	Read Replies (1) of 99985

Heinz, I agree that WS is underestimating the Y2K lockdown effect. I am surprised that we are almost to October and the real scary stuff hasn't happened yet. FWIW, I see a maximum of 15 more points (to 1350) on the SPX before we start our next leg down. This is based on the P&F Bearish Resistance Line (BRL) for the SPX. It has failed to break through the resistance each time it has tested it since mid-July. The BRL is a downward trending resistance line. JXM How about those ebay puts:-)

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