MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 692.73

+0.5%

Jan 26 4:00 PM EST

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To: freelyhovering who wrote (6600)	2/18/1999 12:27:00 AM
From: Magnatizer	Read Replies (1) of 99985

Myron A two month outlook is really not something I would say I feel confident in giving but if I were to speculate I would say IF the 85 line fails to hold the SP500 up through this consolidation period that the following 6-8 weeks will be quite volatile. I would say by mid to late April the bottom testing should be complete and the market will be ready (if its not already) to resume its uptrend. I have support for the rut in the low 350s and mid to upper 330s. If I had data prior to 93 on Rut I could get a better read but I don't think the index was around before then. Or, I just don't have the data ;0) ht david

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