MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

4:00 PM EST

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To: Compadre who wrote (10144)	4/7/1999 3:18:00 PM
From: StockOperator	Read Replies (2) of 99985

Jaime, I agree. I have been long the market for the past couple of months. Therefore my cost basis is much lower than someone initiating new positions at this level. Keep an eye on the NAZ. It is attempting to fill the gap on the chart from a couple days ago. So far 2511 is the low. The gap is at 2502. Because the gap is obvious on the daily BUT NOT on the weekly. I am watching to see whether or not it is completely filled. My gut tells me that failure to fill would represent STRENGTH for that index. And may also be a clue for a timely break to the upside. Good trading. SO

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