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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.83

+0.3%

4:00 PM EST

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To: Qone0 who wrote (96771)	3/24/2020 6:14:58 AM
From: RAVINASA	Read Replies (1) of 99985

qone: O/T - that’s exactly what they are doing in India - lockdown 1.3 billion people till March 31 or longer. Quick question on the bounce and some thoughts and opinion from you. In 1929 Great Depression - we dropped -36 percent first, then bounced 16 percent up after that. You see any precedence there - that means we bounce 1.16 from here to 2550 area and then the next leg should drop if more issues show up ? You didn’t prefer 1.13 retrace? Thanks in advance.

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