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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 672.04-1.7%Nov 13 4:00 PM EST
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To: HairBall who wrote (81288)8/8/2001 9:40:01 PM
From: JRI  Read Replies (1) of 99985
 
LG- Where do you place the support line for the 5/22 Wedge over the next couple days....have you identified a probable higher point where the market can bounce?

And, if I understand you correctly, you see this move down as the last leg, before a probable upside break of the downsloping wedge. That break of upper resistence, I would assume, should lead to a pretty darn nice up move post-break, no?

Have I got you right there? tia
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