MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

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To: pater tenebrarum who wrote (45580)	4/11/2000 11:23:00 AM
From: HairBall	Read Replies (3) of 99985

heinz blasnik: Last week's intraday rebound encourages dipsters to buy the bigger dip or hold through the bigger dip. Low volume now implies two things to me...no fear during stronger declines the intended outcome from last Tuesday's rebound and no major big boy accumulation! The NAZ is now going to have to breach significantly Tuesday's low to generate fear! IMO CSCO <----- Found support on the lower trend line of the Oct 99 Rising Trading Channel plotted on the chart I posted last night. This is a key support area to keep an eye on... Regards, LG

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