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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Saulamanca who wrote (59954)	10/6/2000 12:53:04 PM
From: HairBall	Read Replies (1) of 99985

Jim Bryan: Actually I have bearish formations on the 15-min semi-log charts for NYA (NYSE Composite), COMPX (NASDAQ Composite), SPX (S&P 500) and the COMP (Dow Jones 65 Composite) and both the Emini SP & NAZ futures charts. In addition the RUT (Russell 2000) is looking sickly as well. The 15-min intraday indicators are in the oversold area and many of the indices are setting above or in the area of support. If she breaks to the norm...look out! However, we could see a ST reversal from these levels....time will tell! INTC is testing its recent low set Oct 2nd....as I type. Time to be cautious betting on either direction...stop loss points come to mind...<gg> Regards, LG PS: I still expect the COMPX to re-enter the 90 Rising Trading Channel illustrated in my charts.

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