Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.69

+0.2%

Dec 5 4:00 PM EST

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To: Johnny Canuck who wrote (38413)	11/16/2002 3:30:49 AM
From: Johnny Canuck	Read Replies (1) of 68782

T2113 = 44.25 . We got the follow through day this indicator needs to confirm the direction is up for the market for a while longer. Aprroaching the 50 day EMA though around 41. If we pass that and it sticks we should run for a few weeks if not months. No that christmas earnings should still be weak though. So lets wait till be get there. In the mean tim the direction is up as long as the market gives no surprises on Monday. Keep tight stocks and don't chase stocks if they are up substantially.

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