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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+1.6%4:00 PM EST

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To: HairBall who started this subject2/20/2001 5:30:09 PM
From: KymarFye  Read Replies (1) of 99985
 
Puffy didn't even put a fight - uncharacteristic, but I guess he's on good behavior these days. J-Lo now off in the distance, offering resistance, just because she can, not because she needs to - laughing her head off now, extra-hard, at Bobby's P.I., which previously she thought a betrayal. Nicole also looking down on us all, laughing, too, but it's tragic laughter - bitter, haughty, could turn into tears any moment. Ahmad already negated. Tom has forgotten we exist.

It's now up to the great Oprah uptrend to stage a last defense - might even stand being violated I think, and still put up a fight - like in BELOVED (not that I ever saw BELOVED, but I heard there was a lot of sexual violence in it). Prior to that, it'd be almost funny if the January low, as unsupported as it seemed at the time (other than by Uncle Alan), didn't offer a roadblock or at least a treadle. Below that, there's always 2224 (100% retracement of 1999 move from first reaction low ), ca. 2170 (Fib retrace of tech Bull Market), ca. 2000 (big ol' round number plus base for '98 breakout), 1900ish (61.8% re-trace of secular Bull Market, strong-looking support)... below that... 1800, 1787, 1769... well all sorts of numbers lower than 2251 - over two thousand integers! Surely, if it comes to that, one should prove appealing enough for some mega-squeeze into a trading range.
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