MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

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Nov 21 4:00 PM EST

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To: jjs_ynot who wrote (200)	12/3/1998 8:40:00 PM
From: Patrick Slevin	Read Replies (1) of 99985

My machines are all off. I can run out new numbers in the morning if you like. Anyway, it really depends somewhat on Globex. I don't use normal support and resistance numbers you will find on charts; I am more prone to review most recent action to try to get something that I can be comfortable with. It flies in the face of normal analysis, but I have a contrary bent. Each morning I try to come up with targets based on the prior day and the Globex action and, right or wrong, I completely ignore where the gaps have to be closed and so forth. So if you like, I can come up with a guess in the morning.

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