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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: bobby beara who wrote (65785)	1/4/2001 8:28:12 AM
From: HairBall	Read Replies (2) of 99985

bobby beara: Three words....counter trend rally! I expect the Sept 1, 2000 Falling Resistance Line to give way, it is just to steep to be maintained. Depending on how fast the COMPX moves up, will depend on how high it goes. If it moves slower, it could go higher. Just guessing, but possible tops (if not sooner)...3352.18 (Early April) or 3521.14 (Mid to Late July)! Regards, LG

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