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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST
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To: Ramsey Su who wrote (7358)3/2/1999 8:01:00 PM
From: donald sew  Read Replies (1) of 99985
 
Ramsey,

The next supports under the 9050-9100 range are:

1) near 8800 = 200 DAY MOVING AVERAGE
2) 8650 range = DECEMBERs LOWS

You may be quite right about the earnings warnings which may nich the sideways action, but I still feel that there should at least be a somesort of bounce. I would not trade that bounce to the upside, but it may give one last opportunity to initiate shorts/puts is the sideways action is negated.

Seeya
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