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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Road Walker who wrote (48954)	5/2/2000 5:26:00 PM
From: Michael Watkins	Read Replies (1) of 99985

So far at least this is the least volatile day this year for the compx. Put you to sleep. Its exactly these types of narrow range days that need to be watched carefully. Almost fell asleep myself. However, managed to stay awake and positioned a nice NDX futures short. ;) PS: Made reference here to Thursday/Friday's decreasing range, at resistance, last night. A big red flag for the next move. It was such a good setup, I immediately suspected it to be a 'too good to be true' setup and almost didn't play it.

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