MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: GROUND ZERO™ who wrote (44530)	3/31/2000 11:06:00 AM
From: Michael Watkins	Read Replies (1) of 99985

An inside day after that big sell off is indicative of a turn around..... Can be, but I prefer to view it as a "balance point", neither side winning the battle. Where price moves from there is more telling, and I find it much safer to just sit on my hands and wait for things to play out. On an intraday basis, inside bars are often bull or bear flags in a smaller time frame too. Very useful, I find them... very useful indeed. (I trade spoos and index proxies primarily, and for some reason my trading computer only has Sell and Cover keys. LOL)

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