MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: StockOperator who wrote (9872)	4/5/1999 4:00:00 PM
From: Robert Graham	Read Replies (1) of 99985

I have not been liking what I see on the intraday charts. A last ditch attempt at breakouts that apparently have failed. DJTA pulled back, and its late in the day. I see the other indices are following suite. Maybe the MOC orders will pop the indices. But I would not see this as significant. But then the position traders will see another DJIA close above 10000 which is validated by the NASDAQ. The S&P 500 is close to follow. There may be additional buying after a possible pullback. What do you think? Like I said before, I am relatively new to this intraday game. Bob Graham

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