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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 694.04+0.7%Jan 9 4:00 PM EST
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To: KymarFye who wrote (80941)7/28/2001 8:06:53 PM
From: Zeev Hed  Read Replies (4) of 99985
 
Kymar, I like your charts, I would add a critical "zone" between 2052 and 2084 on the Naz, it has contained advances and declines (served as a bounce region in the middle of the 1619 to 2328, also a 63% roughly retrace of the 1630/2330 advance. In any event, the most important element in your chart, IMTO, is the declining volume, an old Wall Street adage should be heeded: "prices follow volume".

Zeev
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