MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: JRI who wrote (69840)	2/21/2001 11:23:45 AM
From: KymarFye	Read Replies (1) of 99985

Index was forming a nice symmetrical triangle on intraday charts, but just fell badly through lower rising trendline, was also at just around low Fib retrace of day's move ... looks like re-test of support at 2291 (rather weak - given the gap open below) or of the day low now very likely... if it fails, may see some real fun... would have made some money on the long side this morning if not for some mistakes combined with software problems... oh well... least I'm not getting killed... looking for possible short set-ups - rallies not skids... long trades on hold it looks like for a while

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