MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 695.16

+0.2%

Jan 12 4:00 PM EST

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To: HairBall who wrote (62707)	11/17/2000 12:24:22 PM
From: eichler	Read Replies (1) of 99985

LG Yes, I see that too. Had to take profits on shorts, will probably reshort later as it seems a bounce followed by more downside would be "normal" for this psychotic market! I'm looking at the 15 minute chart for $compx, I think any bounce will be contained by the downtrend line defined by the highs on 11/15,16,17. That would allow for an intraday bounce to 3040? approx. I am anticipating a negative close however, in spite of the perception that a potential resolution to the prez thing would be a reason to rally. Too many lousy looking charts, money flow is very negative on most of my watchlist. Just IMO. Regards, Eichler

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