MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: IndexTrader who wrote (41239)	2/24/2000 3:51:00 PM
From: HairBall	Read Replies (3) of 99985

IndexTrader: It seems we usually fall short of the exact trend line, so I take a couple of points off. I suppose everyone is watching the same lines, and they either start buying or selling as we approach them. I often do the same thing when taking a position. However, as often as trend lines come up short they are over run as well. By the way your call for a move up to 1358 has held almost exactly so far. I assume you were looking at the intraday top on the 22nd....<g> I will post a chart after the market closes showing what you and I have been talking about... Last hour recover...the volatility continues...signs of indecision and or lack of conviction! Regards, LG

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