MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.10

0.0%

Jan 23 4:00 PM EST

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To: JRI who wrote (81080)	8/1/2001 9:19:06 AM
From: eichler	Read Replies (1) of 99985

JRI, Answer: Yes, and thanks for mentioning <short-term> ggg I am anticipating a high +/- two trading sessions from the FM date of Aug 4th. That should like up anywhere between Thurs of this week to Tues of next week. So, bullish...but not for long. Bottom line - I let the indicators tell be when the "party" (weak party!) is over. home.earthlink.net home.earthlink.net The first chart - 15 min compx shows short term indicators having reset to oversold and price stopping the decline at support. 2nd chart shows daily indicators still positive. If we can get and hold a decent rally today...could make it interesting for the next couple of days if that downtrend line can be broken. Best of luck to you, Regards, Eichler

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