MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.70

-0.3%

Dec 8 4:00 PM EST

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To: John T. who wrote (42457)	3/7/2000 12:53:00 PM
From: IndexTrader	Read Replies (2) of 99985

"is this the big Kahuna" What we are going to do now is go for the retest of the previous low. If that retest is successful (higher low, positive divergences, yada ,yada, yada), then we can reverse up. If it fails and 1320 is taken out, then we have likely seen the highs for the year. I suspect there will be lots of false moves over the next week until the direction is decided upon. I am in cash also, and am just watching, waiting...

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