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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.66-0.1%Jan 16 4:00 PM EST

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To: HairBall who wrote (8754)3/23/1999 9:10:00 AM
From: HairBall  Read Replies (1) of 99985
 
CHART PROFILES & MDA UPDATE: Many of the charts I profiled last night, which are posted on Monty's MDA Chart Site, are sitting on or just above support areas. As the TYX.X opened lower this AM, continuing a down move from yesterday, most likely there will be a moderation (osciallations) in the indexes before deciding on today's initial direction.

However, if the TYX.X bottoms and begins an up move before the Market opens, then this will weaken support and encourage the Indexes to continue there moves down.

Keep an eye on the support areas on my charts and keep an eye on the TYX.X as it has had stronger influence over the Market as of late.

Regards,
LG
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