MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: Peace who wrote (9880)	4/5/1999 7:15:00 PM
From: StockOperator	Read Replies (1) of 99985

Sanjeev, Jaime I have not updated my charts as of yet. So it's difficult to comment on what happened today. My strategy here would be to take this breakout seriously just because the indexes are moving together. Besides breaking into record territory. However, I honestly believe you have to be very nimble here just in case this is some sort of bull trap. Keep a close eye on the market leaders for any type of reversals here. Or a stalling of momentum. Breakouts should be strong and decisive. The smart money has pointed to higher prices. They will also leave their tracks if and when they go the other way. I just hope the window is opened long enough to take action. SO

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