MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.28

-0.5%

4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (63627)	12/3/2000 3:31:42 PM
From: HairBall	Read Replies (1) of 99985

Joel Gander: Well I like to analyze from the comfort of my own trading software systems, but I don't follow this issue. So, based only on the chart you linked, I would say on the surface it looks like an initial price break up, but without initial volume confirmation. That does not mean it is not valid, just play it cautiously. If you're going to play it to the long side, place a stop under the previous consolidation at .52. If you were going to bet big, I'd leg into this one. Don’t forget to trail the stops! Regards, LG

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