MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: American Spirit who wrote (12664)	5/3/1999 12:15:00 AM
From: Lee Lichterman III	Read Replies (1) of 99985

NASDAQ Futures are up 10 but the NASDAQ was temporarily over sold. Note the S&P futures are up only about 1. I haven't had a chance to check Gersh's market trigger numbers yet for the open to know which side that puts us on. Tomorrow is anyone's guess by looking at the daily and weekly charts but when I look at the DOW intra day chart, it looks like the bounce was a perfect fib retrace bounce and could easily nose over and continue to drop. Also note Asia started out up and is now down. Like I said, if you can stay home and babysit it it should prove a good day for daytrading and the SPOO traders but us working stiffs want a little better odds. <g> I am running scans and looking at charts now trying to get caught up. Good Luck, Lee

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