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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.21-1.1%4:00 PM EST

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To: bobby beara who wrote (44452)3/30/2000 4:55:00 PM
From: HairBall  Read Replies (2) of 99985
 
bobby beara: I think it is a little early for us to claim support has held, other than in a tempory comment. I think is highly likely that this support will give way. The SOX as is the COMPX is oversold and a bounce here can be expected, but it is not a sure thing. If we see a higher high before a lower low...support held....<g>

I think this COMPX downturn has further to run, however I do expect playable corrective rallies (in some cases just bounces) along the way!

Regards,
LG
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