MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: Compadre who wrote (15558)	6/2/1999 11:19:00 AM
From: wmwmw	Read Replies (1) of 99985

I am with GZ. I noticed he was correct on the long side when Dow went to 11100 and on the short side when it went back down from 10900. I also noticed you were correct most of times at short time market trend. I see 10370 is the low that Dow can hold before it starts the rally. I saw Dow held well now when bad news hit and NAZ is oversold and has no way further on the down side. As next earnings reports is approaching, the market has another motive for the up side. It may be the date when CPI number is released that the rally starts. The last earnings rally started from the beginning of Match.

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