MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Stephen M. DeMoss who wrote (67515)	1/23/2001 3:19:41 PM
From: KymarFye	Read Replies (1) of 99985

Seemed like a pullback, at least a bit of one (gathering strength or failing... guess wel'll see) right near the open Friday - also right below the next major resistance level that I can see... may be too much to achieve today... then again... if you'd asked me before the session, I'd not have thought a 70 pt. rally was in store(lost some money on the short side in the AM, as a matter of fact)... Remain somewhat impressed by successful defense of 50-day MA, incipient breakout above Post-Labor Day downtrendline... Will not be seriously impressed until the Compx breaks and holds above Friday's high...

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