MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: nicewatch who wrote (7460)	3/3/1999 10:58:00 PM
From: Lee Lichterman III	Read Replies (4) of 99985

Your faster stochastic settings seem to imply we are in for a two week rally starting any day now. Also how are you reading the P&F chart there? It seems that if you draw a trend line connecting the previous 2 column of Os we are due to bounce off that but if you use the upward trendline going farther back, we just broke through that support and should sell off. I expect a bunce soon that should fail and send us down a little farther but I wasn't expecting a 2 week rally as your stochastics seem to be suggesting. Darn now I have to look at my stuff again. <ggg> I also saw that Pat was getting itchy to go short. Good Luck, Lee

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