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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

+0.1%

Nov 12 4:00 PM EST

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To: bobby beara who wrote (26324)	9/19/1999 10:08:00 PM
From: Jerry Olson	Read Replies (1) of 99985

Bobby excellent point... the P&F chart of the SPX shows the Bearish Resistance Line has held "ALL" attempts to breach it to the upside from the top at 1420..in July... next short term resis..is at that line at 1350...we HAVE to break thru that number.. every successive try to breakout has failed..creating lower highs, each time... i think we'll blow right thru it...after AG's stand pat signal.... and BB, i might just trade it, short term too..if it hits and reverses...i'll be gone.... later...see you in the am...

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