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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: American Spirit who wrote (11692)	4/21/1999 12:25:00 PM
From: donald sew	Read Replies (2) of 99985

American Spirit, I just heard on CNBC that there is talk on the trading floor that this strong upswing in the internets may be due to short-covering. If they are correct, who knows, then this rally may not last that long. From pure a chart perspective, which again is not 100% but an indication of probability whether high or low, the DOT needs to break 675 range to the upside. Until then it implies that there will be a LOWER HIGH. CNBC, also mentioned that this is the first time that money was made shorting the INTERNETs causing the short covering. seeya

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