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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: HairBall who wrote (59002)9/15/2000 4:37:14 PM
From: Jorj X Mckie  Read Replies (1) of 99985
 
Looking at the other index charts, there has been some damage done, but if I look at them just right, it appears that we are at points where we can bounce a little. The DJIA 100pt chart has a 50% retracement from a triple top breakout (retrace to the breakout pt) which is generally a good turnaround point. And on the 50pt Naz chart it is at the bottom of an upward trending channel. I know that I should be more bearish here, but I am actually mildly bullish.
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