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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Johnny Canuck who wrote (37879)7/31/2002 1:48:00 AM
From: Johnny Canuck  Read Replies (1) of 68187
 
Jerry Favors commentary:

Message 17814377

Calling for a top to the rally today or tomorrow, followed by a test of the low with a break.

I have no idea how accurate he has been lately. A re-test of the low this soon would indicate a very weak market though. A slow climb with a gradual sell down is what is necessary to create a lasting rally.

Given a new low then I would agree. Till then I am only looking for the re-test.
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