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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 692.76+0.5%Jan 26 4:00 PM EST

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To: DOUG H who wrote (81324)8/10/2001 11:07:04 AM
From: James Strauss  Read Replies (1) of 99985
 
Doug:

A close below 1940 on the Nasdaq sets up a test of the 1750 area where there is minimal support...
stockcharts.com[m,a]daclyymy[pc13!d20,2!a1940!a1600][vc60][iLc20!La12,26,9!Lw25!Lk14] A failure there will give us a summertime rerun of the April lows... A bounce from 1750 would be very bullish but not too likely...

Jim
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