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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: Crimson Ghost who wrote (46410)4/15/2000 3:48:00 AM
From: Michael Watkins  Read Replies (1) of 99985
 
George,

Re breaking the buck, I'm watching this very closely. The consolidation that has been on-going for several weeks will resolve one way or another fairly soon. Friday indication was down, making a small incursion below a multi-day trading channel, but too small to be significant just yet. If it does move, how it handles support a couple of cents below will be telling.

If it moves below 105.63 and sticks, then short the buck is the plan in the near term at least.
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