MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: bobby beara who wrote (7583)	3/5/1999 10:58:00 AM
From: StockOperator	Read Replies (1) of 99985

bb The NAZ has a pretty sizeable gap intraday, which like yesterday, may be filled. However, I believe the move we are seeing will ultimately take us to new highs. The market will no doubt back and fill from here. The low this week for the DOW is 9163. A possible two hundred point gain today will take us well above 9600. So the market will have to retrace some of this week's gain. That retracement low will tell us much about the velocity of this next leg up in the bull market. MDA could get a lot easier with a new trend developing. Good trading. SO

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