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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%4:00 PM EST

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To: bobby beara who wrote (46785)4/16/2000 7:35:00 PM
From: Arial  Read Replies (1) of 99985
 
Hi bobby. I see an "M" top on the DXM0 and the Euro has a short term low due this week, but the monthly chart has to fill that gap below 104 and take out its trendline before I turn bearish. In fact, even though I agree that the dollar is headed for trouble, the monthly close is finding support at the October '89 close and the chart actually looks bullish. It needs to take out that monthly close.

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