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: Zeev Hed who wrote (80375)	7/17/2001 6:09:29 PM
From: eichler	Read Replies (1) of 99985

Zeev, It's been rather humorous, in a follow-the-bouncing-price sort of way. The comp has been on a fibonacci high, bouncing on the 62% retraces of the last couple moves...one more time? Also, a symmetrical triangle on the 60 min chart seems to be the current pattern...of which we are just about running out of room at the apex. home.earthlink.net home.earthlink.net Gotta think your forecast of bloody sell-off remains a real and present danger..though the Rydex numbers remain bullish. Will keep my eyes peeled....ggg Regards, Eichler

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