MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.70

-0.3%

4:00 PM EST

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To: Kemo Sabe who wrote (68361)	2/2/2001 3:59:30 PM
From: JRI	Read Replies (1) of 99985

What happens if we go right thru the gap (NDX 2470/Compx 2630)...we could gap down Monday and never look back.. Not trying to be a pessimist, but why buy here? There will be pressure on those who made a killing in January to sell and lock in gains....void of good news, worry over Cisco earnings (until they report Tuesday afternoon)...Dunno, maybe we turn Sept. downtrend line into support on this move..

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