MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Jerry Olson who wrote (48593)	4/29/2000 12:06:00 AM
From: Michael Watkins	Read Replies (1) of 99985

OJ - wow, what a week... My read on the indicies? In a nutshell, I think its a Class A "Undecided"... basically I think we take our lead on Monday/Tuesday. 45 min chart of the SP futures... Holding pattern I think. intelligentspeculator.com COMPX daily with commentary. I guess what happens next will determine things. Given the close near the high, unless there's news I would imagine it may gap or open near the high... and then we shall see what's next. intelligentspeculator.com take a peek at the COMPX weekly...damn if that doesn't look good...but i'm guessing it will be only a retrace back up...the 20 period mva will probably stop the advance... Ya - based on the weekly I'd say 4200 ish... Have a great weekend OJ and all, mw

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