MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: GROUND ZERO™ who wrote (27101)	9/24/1999 4:27:00 PM
From: Lee Lichterman III	Read Replies (3) of 99985

What time frame are you looking for as far as durability. Are you playing a short term bounce or a position trade etc. I would think we need at least a double bottom test since this sell off was so drastic yet not drastic enough to cause any kind of fear. All my buy and hold friends didn't even break a sweat or have to think about it when I told them it was dropping last night. All they wanted to do was buy more. You may be right but the weekly forks, P&F, and dailies show me we aren't done yet. Which fork or trend line are you refering to that has you so sure? Is it the same one I mentioned earlier that held the last few years dips except last summers? TIA and Good Luck, This time I am really going <g> Lee

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