Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

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Nov 21 4:00 PM EST

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To: shasta23 who wrote (23762)	9/22/1999 11:28:00 AM
From: mattie	Read Replies (3) of 68217

Hi Sephan, I agree with your point on the volume and also the overhead resistance. I think we eventually work our way through if the market cooperates. Dow looks sick. Lets see if it can hold 10500. I am not covering my DIA's short position yet just in case it breaks. But the Naz composite looks OK in my opinion. Making steps of lower lows at the bottom of the range and hitting old highs at the top of the range - a triangle forming pointing at an upside breakout if it continues. I would like to see a climatic sell off which appears to break support on the Dow and shake out the lose hands. Then I see a rally attempt.

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