MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: eichler who wrote (76290)	5/1/2001 11:56:17 AM
From: eichler	Read Replies (1) of 99985

The bounce ($compx) off the 30 ema on the 60 min chart was then rejected by resistance of the 30 ema (now a falling moving average) on the 15 min chart. Price is painting itself into a corner. Price now looking to make another run at the 30 ema(15 min) Needs to poke through. That ma flattening now, looks to be at about 2112. Looks like its going to happen.

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