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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.00+0.2%Nov 11 4:00 PM EST

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To: t2 who wrote (80302)7/16/2001 4:54:13 PM
From: eichler  Read Replies (1) of 99985
 
NV,
One last thing, the Rydex numbers don't change all that much (usually) from one day to the next...I imagine they are still bullish. This would support the idea of a bounce after some more down....I think that gap is a reasonable enough target.
I suppose I am disappointed, but I have to go with the flow.
As the charts now point DOWN, I can't for the moment look UP...
But I'll be watching for a turnaround very closely.
Daily indicators are still near the oversold zone, perhaps the downside will be minor....
Eichler
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