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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST
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To: Uncle Frank who wrote (80106)7/12/2001 5:10:50 PM
From: Zeev Hed  Read Replies (2) of 99985
 
It is not "a great indicator", but in this case, after such a powerful rally", one would assume some additional short covering into the AH. Furthermore, I have a list of some 50 other stocks I am looking at and the AH picture is mostly red, not a good sign for this rally. Things can change drastically overnight , however.

Zeev
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