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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: Lee Lichterman III who wrote (15524)	6/1/1999 9:56:00 PM
From: Casaubon	Read Replies (1) of 99985

I was looking for your 9750 but I am not seeing anything there on my daily this is based on a daily chart of the dow. Just as we are testing the downside resistance of the heavy distribution day on 4/19/99, at 10440, I believe we will then move to test the next heavy distribution day with support at 9744 (low) on 3/31/99. I don't see any real heavy volume support at the 50% retrace level (mid January support to mid may high) of dow 10,100.

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