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


To: Lee Lichterman III who wrote (30422)10/18/1999 1:38:00 PM
From: j.o.  Respond to of 99985
 
Hi L3 - first signs right now that we've run out of sellers for the day... The Ndx just jumped back up and SPX and INDU are following suit. I think that we're headed up for the balance of the day.

On the SPX I have us bouncing off the downward-channel support line...topside looks like 1327ish at the moment - not that we'll get that high necessarily. (daily chart - connecting tops and drawing parallel off recent low)

LG - where do you get your 60-min downtrend resistance line now on the SPX?

j.o.
indextrade.com