MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: StockOperator who wrote (12878)	5/4/1999 10:47:00 PM
From: Compadre	Read Replies (1) of 99985

SO: <<A BULL TRAP??? >> Thanks for the warning. It did cross my mind, and I was about to say that the buying opportunity is for a 1 day trade. The NAZ and NDX are forming a rectangle ( if they bounce off their 55 day EMA's. Therefore I believe that the highest they can go is today's high. Congratulations on your new house!! Regards, Jaime

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