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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: bobby beara who wrote (67914)	1/29/2001 10:11:22 PM
From: ken-l	Read Replies (1) of 99985

bobby, oh no, i've not yet turned bearish in the intermediate term basis, "unless" compx cannot hold its lower up trend line of the channel/fork during the "presume" upcoming consolidation, which is currently trailing @2525+/- and gradually rising !!! bobby, if i read it correctly, i think compx is heading to as low as 2550+/-, which should be where the mentioned trend line trading and is the 61.8% retracement betwe 3028-2251, in the next 2-3 sessions !!! but then again, i maybe wrong !! <GG> regards, auto

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