MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: jttmab who wrote (39336)	2/6/2000 10:31:00 PM
From: bearshark	Read Replies (1) of 99985

jttmab: I too think it is best to see what trading looks like over the first several hours or maybe days. I will remain bearish until the INDU clears 12075, if it can. Any rally of the INDU over 11400 and OEX over 785 and I will get suspicious. However, I am expecting either a down opening or an initial move up in the INDU which fails within the first 90 minutes. Being bearish at this time, I would feel more confident with a failed move up. A am getting a bit unnerved with so many individuals seeing what I am seeing--even if some of them are P. Q. Wall, Peter Eliades, etc.

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