MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Les H who wrote (62790)	11/19/2000 7:48:07 PM
From: el paradisio	of 99985

Les, BKX is testing a very important support at 800... Banks may have some problems,because they already have many bad debts from dot.com companies... now growing fast housing industry may add some more, because of the falling market. I don't expect any big rallies this week <g>...but consolidation in the current trading range is very likely. I think,that VIX is in the neutral/sell position... with the resistance at 30 and the support 25 1/2-26. Regards, el

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