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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: stockycd who wrote (1986)	12/16/1998 12:16:00 AM
From: Jon K.	Read Replies (1) of 99985

I'm staying negative on the market until the DOW rises above the short-term downtrend line LG mentioned in a previous post (connect the highs of 11/30, 12/8, 12/9, 12/10. At that point I'll turn cautious. I get it now Chris, I just connected the line and we are almost at that point to be cautious... So if the chart break through this line, then maybe it is considered to be reversing the down trend? What is the significance of this line?

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