MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.38

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Dec 24 4:00 PM EST

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To: Gersh Avery who wrote (55515)	6/27/2000 11:04:00 PM
From: NucTrader	Read Replies (3) of 99985

From Nirvana Systems - Signalwatch >>All of this evidence says that we may have just seen the start of the big bad break - the new wave down that completes the diamond pattern in the Dow and runs us down into major negative territory. The key word here is "may" You can see how many times we have travelled back and forth in the consolidation range. And, we could hit 10,400 and bounce right back again. But, the fact that all three indexes showed weakness today, moving back off key resistance, tells me that something more ominous may be afoot. Especially with the Dow, hitting the resistance level at 10,600 and then pushing down in a strong drop in the last hour of trading.<< Guess we'll know soon.....

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