MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.63

+0.4%

Nov 19 4:00 PM EST

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To: Debra Orlow who wrote (4061)	1/15/1999 10:15:00 AM
From: HairBall	Read Replies (1) of 99985

Debra: I see a struggle today. I am just playing the percentages with regards to what my technicals are saying when I made my call Wed for Thursday to be a down day and yesterday for today to be an up day. Many of the Indices that I track found strong support yesterday. If these support areas do not hold, then obviously further decline will occur and more likely at a faster rate than expected. I will stay with the percentages for now and stick to the boundaries set in my update for today for the Market as measured by the IND/DJI. The Market had to turn up at or very soon after today's open to not penetrate the lower band of the long term trading envelopes and to stay above the major support areas I outline...time will! BWDIK Regards, LG

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