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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Terry Whitman who wrote (31013)	10/22/1999 12:06:00 PM
From: j.o.	Read Replies (1) of 99985

Hi Terry I don't disagree that your level will be a major hurdle...I'm just playing the short-term moves on our site Indextrade for $1 per tic - just enough to keep myself interested in the chart. On the GBP I think that there's about 40 tics of risk right now versus maybe 200 tics on the upside if this retracement continues. I'm the last person to say that the long-term $ trend is up! I think that it's in a long-term downtrend, and I'm just playing the retrace. If we retake 1.6615, I'll reconsider my position. Kind regards, j.o. indextrade.com

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