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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.07-1.7%Nov 13 4:00 PM EST
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To: marginmike who wrote (59769)10/3/2000 3:31:03 PM
From: Wayners  Read Replies (1) of 99985
 
I'm just measuring the strength of bears on each leg/wave down on QQQ. The waves have been very uniform off tops. 12.5 to 15 points at which point the sellers exhaust themselves. I think we're close to exhaustion right now based on that for this wave/leg down. My target is 84.5 on QQQ to cover at and watch and see what happens.
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