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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: bobby beara who wrote (66294)1/8/2001 9:41:55 PM
From: HairBall  Read Replies (1) of 99985
 
bobby beara: Looking at your chart, I think it is a little early to draw that upper channel line.

Yep, the volume spike in the late May low was on a day that turned positive as was the volume spike last Wed.

We saw a rally of about 1,247 points off the May intraday low. A similar run up off Wed's low would put us in the neighborhood of my targeted tops...around the Madonna Cleavage again...<g>...time will tell!

Regards,
LG
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