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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%4:00 PM EST
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To: bobby beara who wrote (48279)4/26/2000 10:47:00 PM
From: Michael Watkins  Read Replies (2) of 99985
 
I certainly hear many people reciting the "as GE goes, so goes the market" chorus.

Still haven't figured out that wave stuff you folks talk about, but on a 60 min chart its seems likely that the defining moment for GE is in the next day or so. At this point, on a 60 minute time frame, I'd have to say GE makes a better short then a long.

Whether the short term reversal continues or not depends on if it heads down to 160 and how it handles that, or doesn't...
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