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Strategies & Market Trends : The Player's Club
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (3082)12/17/1999 8:38:00 PM
From: Chip McVickar  Read Replies (1) of 11513
 
GZ,

After the lower tine and support at 1443 was broken...., there was a cross of a median line at 1434ñ (1415ñ SPX) on the 34min chart for this afternoon. With the bounce there late in the day, market strength, Fed meeting on Monday...,it just appeared that an opportunity to exit was wise.

After the Fed meeting and the 22nd I will continue looking for a valid Top in the next week...then later around 15 January 2000.

SPX has had an inside week...then outside, then inside and inside again...very interesting.

One thought and I will look for it.... Any of your sell wiggles still intact?

Have a Great Weekend!

Chip
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