MDA - Market Direction Analysis Message Board

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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: Compadre who wrote (14478)	5/20/1999 12:28:00 PM
From: HairBall	Read Replies (1) of 99985

Jaime choy: Actually the DJI is in a sell via my short term timing model, but it needs to penetrate 10900 to follow through. When trading ranges are in effect, I always look for support or resistance areas that have to give to allow follow through in either direction. The DJI has been oscillating between two SRLs for much of today's trading with a slight penetration of the upper SRL earlier today. (SRLs = Support/Resistance Lines) The DOT and NDX are also in sells, for now...<g> Regards, LG

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