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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%4:00 PM EST
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To: HairBall who wrote (10291)4/8/1999 2:13:00 PM
From: donald sew  Read Replies (1) of 99985
 
Larry,

The DOW is up 100 points which I believe pierces the main resistance line, per your charts. I realise that it needs confirmation over the next few days, in light of the short-term technicals are so high.

However, I would interpret that when the next dip occurs, which could be tomorrow and as early as later in the day, it may not be that strong.

So I am turning a bit less bearish now, but we still need some confirmation.

seeya
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