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: Haim R. Branisteanu who wrote (78530)	6/12/2001 11:12:17 PM
From: bobby beara	Read Replies (2) of 99985

BB, we may rally now into expiration. Haim >>> yes i agree, we had five waves down completed at todays low on nasdaq on the 15 minute chart and hit horizontal support on ndx - bottom of the range, plus did a daily hammer on spx across support which intimates a spring, which keeps us in the range for now, also we have some pretty good bearish bets today in options and the rydex spx leveraged bears are getting excited too. Krispy creamy has now made a low volume triangle, i'd bet that the bullz wanna get another creme filled sugar fix and a riser outta this triangle, if that's so i can place a house bet on a KKD short and a confirmed five waves up from the swing spring low.

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