MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: HairBall who wrote (7239)	3/1/1999 9:44:00 AM
From: Lee Lichterman III	Read Replies (2) of 99985

Not sure if this is the cliff but there is a short term fork on the 24 minute bars that we just hit the lower tine on. If this holds it is more of the same whipsaw and we should get a small short term bounce here, if this breaks then it could drop substantially. I was fairly quiet this weekend as I felt all bases were covered already. My personal view is a bias to the downside but I am not looking for anything major here quite yet. Just downward bias until warning season is over then a last gasp bounce for the next earnings season. Once that is over, that is when I put on the velcro suit. <g> Good Luck, Lee

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