MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: HairBall who wrote (48075)	4/25/2000 4:43:00 PM
From: John D. McClure	Read Replies (1) of 99985

I have a couple of TERN July puts in place to hedge my long positions in the OTC. Correct me if I am off base, but so far we have not violated the upper downtrend line from the second top in late March. If we do break through and hold above the trendline, do you see a possible retrace to the 4400 area going into May or will we pull back to fill the gap? TIA Jed

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