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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.310.0%Nov 12 4:00 PM EST

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To: Jerry Olson who wrote (40054)2/12/2000 10:56:00 PM
From: BubbaFred  Read Replies (2) of 99985
 
From one who made great calls in the past - Check out the latest warning and what to watch for.

Message 12828616

To: IQBAL LATIF who wrote (30697)
From: IQBAL LATIF
Thursday, Feb 10, 2000 7:57 AM ET
Reply # of 30714

DOW second close below 200 days ma today will give a bad signal to the old economy, Brkb already making new lows, most likely if DOW is unable to break above 10880 we may see a 10660 break leading to a new lower channel, the impact on NDX which is 8% higher for the year will not be good and I would assume that SPH will most likely go and test the area where we have a lot of gaps in 1320 1340 area that would only if we are unable to break this 200 days resistance on top.. I will like 1418 suport to be maintained and 1435 ideally to be taken out today for this trend to remain unbroken otherwise in last three months a second attempt to take out 200 days ma needs a lot of caution...a break of 193 on QQQ will lead me to add some 170 long QQQ puts.. SOX PSE DOT are key indexes to watch so is BKX 700 support.. quote.yahoo.com
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