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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 659.00

+1.0%

4:00 PM EST

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To: d. alexander who wrote (24929)	1/28/2000 1:53:00 PM
From: Johnny Canuck	Read Replies (1) of 68173

SP500 buy signal confirmed earlier this morning. The overshoot of the downside is worrisome, but the sell is still very orderly. Huge volume is only on selected high flyers. This is not wholesale selling. It is just the case of a lack of buyers. We bounced off of the support at 1463. We should challenge 1480 now.

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