MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: StockOperator who wrote (2285)	12/18/1998 2:58:00 PM
From: HairBall	Read Replies (3) of 99985

StockOperator: The Market as measured by the IND/DJI already signaled a change prior to 11/23. A cluster of support in the area of the 200 day SMA, the 50 day SMA, a long term supporting rising trend line and the lower boundary of the IND's long term trading channel have come together to give formidable support. However, I suspect gravity shall prevail in this current struggle with the bubble...ultimately time will tell... BWDIK Regards, LG

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