MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: James Strauss who wrote (55247)	6/25/2000 8:20:00 PM
From: eichler	Read Replies (1) of 99985

Jim, Thanks for the extra links. Using the interactive charting service available on those pages, I was able to see fast and slow stochastics for those charts. It certainly appears that a bottom is nearing, if you are not correct in thinking it has possibly already occurred. Just drawing a simple lower trendline connecting lows, extrapolating a possible near term target to the downside, it appears WCOM could still go to the 30-35.00 area. I would expect a good bounce from that level, barring market melt-down. Daily chart still looks negative, I personally would look for a little more downside from here, maybe a bargain around $32.00. A chart to watch for sure. Thanks. Eichler

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