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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Lee Lichterman III who wrote (22192)8/5/1999 9:19:00 AM
From: HairBall  Respond to of 99985
 
Lee: Several of the Indices tested and found support at "major" support areas yesterday. I suspect that the Market will put together a retrace from here. I am not saying the correction is over, but this downturn is due at least some consolidation. The price action will tell us if it is a reversal or a bearish consolidation formation.

Globex seems to be supporting a bounce as I type.

EDIT: Of course, if these support areas are broken today...yikes!

Regards,
LG



To: Lee Lichterman III who wrote (22192)8/5/1999 9:25:00 PM
From: nicewatch  Respond to of 99985
 
Lee and ALL,

Updated SPX charts, etc. at

geocities.com
geocities.com

As always, feel free to comment or throw stones. FWIW, talk to you later

Best Regards,

Frank

p.s. I've been off of SI for a while