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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: Les H who wrote (70989)3/2/2001 3:13:28 PM
From: Doug  Read Replies (1) of 99985
 
Les: This is the 3rd time we have made these intraday V recoveries. Is it due to massive short covering. ?.

What is your interpretation of this .? Normally in a market like now, should be not first see a divergence between the A/D slope and COMPQ followed by a classic double bottom with the outer leg even deeper.

What is the pattern/signal combo that you consider best for a bottom.?
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