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


To: JDinBaltimore who wrote (29928)10/15/1999 12:36:00 PM
From: HairBall  Respond to of 99985
 
JDinBaltimore: Are we allowed to still post stupid questions

No such thing...<g>

I assume you are talking about the horizontal price action support line based off the previous low on 9/28. If the SPX breaks back down below that support area significantly, not just penetrate it...the answer would be most likely!

However, this would be a prime area for a struggle and a possible retrace. My 60-Minute stochastic is still near the oversold area.

Regards,
LG