MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: JRI who wrote (66215)	1/8/2001 11:19:33 AM
From: KymarFye	Read Replies (1) of 99985

Not sure which trendline you're discussing. There was one possible line which we jumped right through this AM, had recently pierced at a higher level during the Fed rally. Right now seem to be re-testing support around the pre-rally s-t high. A little easier to be long than short here, at least for me, as the one short position I had this morning got blasted in a few seconds. Seems there's more volatility upward, more of a current downward. The old script would have us rally from here and finish the day in the green. But, to use a Hollywood phrase, seems like the old script's in turnaround, or at least at risk of being put there... Happy endings seem to have gone out of style again...

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