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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 695.17

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Jan 12 4:00 PM EST

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To: bobby beara who wrote (46743)	4/17/2000 10:42:00 PM
From: AllansAlias	Read Replies (1) of 99985

Anybody read big things into the fact that we have left an island on COMP? Island's first day is Dec 16 and the last day is Apr 13. Does the bar/candle of Dec 14 invalidate it as an island? bobby beara wrote about a strategy that I'm going with: Heinz, maybe you'll be lucky and they'll rally her back into the up angled baseline of the H&S pattern and confirm support has turned into resistance (and close the gap on nasdaq) so you can initiate a thermo-nuclear short -gg- In the meantime however, if we break through the 4 points of resistance around that gap area, I will go long hard. --Allan

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