MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 695.17

+0.2%

Jan 12 4:00 PM EST

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To: eichler who wrote (62710)	11/17/2000 12:42:39 PM
From: HairBall	Read Replies (1) of 99985

eichler: 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. COMPX...I can't make that line happen on my charts, using linear or semi-log price formats. I would look for the psychological 3000 to come back into play and then if 3K is breached again today <g>, the 10/18 low at 3026.11. Regards, LG

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