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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.97+0.1%Nov 7 4:00 PM EST
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To: Casaubon who wrote (51400)5/20/2000 6:36:00 PM
From: el paradisio  Read Replies (1) of 99985
 
Casaubon,I agree with your theory <bullish marubozu and long black candle coming to the same point...605,which will
probably act as a strong support.

Now,take a look at the last 4 candles,having the real body almost on the same level, above 636.
From statistical point of view,if you have only 3 bodies in parallel,almost the same length....that suggest,the big move is coming in either direction.Do you agree?
el
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