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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

4:00 PM EST

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To: HairBall who wrote (69267)	2/15/2001 8:34:47 PM
From: JRI	Read Replies (1) of 99985

LG, I assume that Vitalsigns means the "since '90" LOG COMPX chart...the lower trend line of which....comes out somewhere between 2350 and 2400 (depending on who you talk to...) now The only time we broke this, I believe, in the last 10 years...was intra-day (with a quick, intraday panic reversal)in October '98.... I would think if we break this channel with any conviction in the next week or so.......that would be very bad news....even, if, technically, we are still considered at a higher low from 2300-2350... So, I guess I could rephrase, "have the odds increased now that we will break 2350-2400?"...or are you continuing to pre-suppose nothing and play day-by-day? Do you anticipate a strong defense of 2300? BTW- I miss your (formerly) occasional intra-day market "commentaries" and positioning.....come back anytime...

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