MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.57

+0.7%

Dec 10 4:00 PM EST

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To: Doug who wrote (71394)	3/6/2001 3:32:41 PM
From: jmootx	Read Replies (1) of 99985

Doug The way I see it- daily QQQ chart had the gap and rally completely above the 8 day ave and resistance at the 13 day average. The stochastic fast average is deeply oversold, giving me the impression the 8 day ave will hold it up-- 60 minute chart shows the daily action holding above the stick highs achieved during the lows, and the 8,13, and 50 ave below todays sticks as well--so far. personally I just moved up my stops in case this support fails.

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