Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.33

+1.1%

4:00 PM EST

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To: shasta23 who wrote (24166)	10/28/1999 2:53:00 PM
From: Johnny Canuck	Read Replies (1) of 69921

Stefan and Dorothy, SP500 now on a sell signal. I am looking for a test of the middle of the gap at 1313. I expect it to hold. If we close north of 1313 we will have broken the upper down trend line which started in July. The next target would be 1361. If we get follow through on today's rally, it looks like we go higher before we go back down. I would be looking for short term longs if we get follow through tomorrow. It is a nervous market though, so sit close to the exits. Harry

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