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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: bobby beara who wrote (44543)	3/31/2000 1:09:00 PM
From: Saulamanca	Read Replies (2) of 99985

Bobby, I don`t think we go down from here. Right now I`m watching the NDX for leadership. It did put in a higher high to the Naz`s lower high. We came down to the trendline from the lows on 2/15 and 3/16 yesterday. The selling seems to be slowing down and we are way oversold now. This might be a topping pattern, but let`s see if we stall after a bounce from here and start to put in a right shoulder over the couple of weeks. Not ready to give up the bull case just yet, Jim

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