MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.27

+0.3%

Jan 15 4:00 PM EST

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To: eichler who wrote (79718)	7/8/2001 7:42:45 PM
From: exeric2	Read Replies (1) of 99985

Eichler, I agree with your TA. Extremely bearish indicators. There is very little support once current price is broken except the low itself. I'm talking about support in the sense of quantity of trades at any given point on the way up that we will see supporting the price on the way down. It could very well surprise people the viciousness of the next couple of days. If it does hit the old lows I'll cover at that point and wait for an opportunity to go short from a higher level rather than using that low to go long. Of course this opinion is subject to change at any time -- I've always got my finger in the wind.

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