Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: Ken Adams who wrote (4982)	9/30/1999 2:12:00 PM
From: Pete Mimmack	Read Replies (1) of 39683

Guess it depends on your holding period. That weekly chart suggests support around 12 (I believe the red line is 20 ema) and the falling volume on this 3-week pullback suggests a bull flag. There may be others with sell stops at 13 (integral number) that would cause it to drop abruptly into the 12s at which point it might find support from the longer-term crowd. Pete

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