MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.52

-0.3%

4:00 PM EST

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To: eichler who wrote (64260)	12/14/2000 2:12:46 PM
From: eichler	Read Replies (1) of 99985

Another Observation Cruisin' thru my fav threads...I am struck by the unwarranted level of optimism, bottom pickin'... Unable to detect any real level of fear at all. Too many still clutching for straw rallies......As a contrary indicator of sorts, just doesn't bode well for + direction. I've also seen many references to 1st gap filled on $compx? I show 12/7 last candle (intrday) high at 2754.64 and today's low (so far) 2763.63. In my book that is not a fill. And as long as we're working on that gap, why not a stab at the next one lower down? Seems logical to me.....BWDIK

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