MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Jay Rommel who wrote (6132)	2/11/1999 6:23:00 PM
From: uclatrader	Read Replies (1) of 99985

hi jay actually until this morning i was bearish i doubt this rally will last unless internal breadth supports it but i couldn't resist this short term trade the rebound is very powerful and impressive transport financial retail tech all up and internets held up even dow dipped to up 87 pts from 110 the momentum is reversed so i jumped in around 11:30 placed four orders and got filled maybe tomo is down i will add more if i don't see the breakdown under 50 ema i will close longs if ad line still lower and new low new high don't get improved i will go short again then now i m just hoping to get a profitable trade not a new all time high or severe crash at this time best regards shuo

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