MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.40

-0.5%

Jan 14 4:00 PM EST

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To: Haim R. Branisteanu who wrote (75666)	4/22/2001 10:49:58 AM
From: bobby beara	Read Replies (1) of 99985

stockcharts.com[l,a]daclyymy[dd][pb50!b200!a49!a45][vc60][iUb14!La12,26,9] ge is in an area of horizontal resistance and downtrendline resistance, plus overbought 14 day rsi, i believe has 5 wave count from 4/4 may be compleating in this time frame, which may be wave 3 from the march 22nd bottom, i expectcorrection before another push up. stockcharts.com[l,a]daclyymy[dd][pb50!b200!a72!a64][vc60][iUb14!La12,26,9] same everything for soft, but soft has broken it's downtrendline, expect the gap across 200 dma to provide support at 62.

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