MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: donald sew who wrote (1374)	12/11/1998 3:43:00 PM
From: HairBall	Read Replies (2) of 99985

donald: It appears as if you opportunity low is in place. A near tag with the DJI 200 day SMA and a repel. With a 50% retracement that would place the top of the retrace at approximately 8910. What are your numbers? The big question is how does one know the low of the day is in...<g> EDIT: I suspect that the just completed inverted flag pole may offer resistance at 8870/8880 area. Regards, LG

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