MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: pater tenebrarum who wrote (13516)	5/11/1999 9:58:00 AM
From: HairBall	Read Replies (2) of 99985

heinz: The INDU rose up and bounced off the 5/4 high. It has now moved above that intraday support/resistance line. The UTIL falling at the open found support at the rising trend line off the 4/15 low. The NDX and DOT are not showing as much strength as expected. They both lurched upward and stalled quickly. This suggests selling into the rallies. Will the IPO by the TSCM be able to boost these Indices today? Regards, LG

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