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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (16029)8/24/2002 12:51:00 PM
From: MulhollandDrive  Read Replies (2) of 17639
 
stockcharts.com[r,a]daclyyay[d20000201,20020821][pb50!b200!f][vc60][ill14!la12,26,9][J6581161,Y]&pref=G

i listened to market analyst gail dudack yesterday morning...

she said the market is currently in the "twilight zone"

if you look at your chart you will see that the spx has broken through the 50 dma which has always sparked a selloff each time it hit that resistance level...so your rounding top scenario makes sense to me...with the 200 dma being THE test.
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