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

To: Crimson Ghost who wrote (46200)4/14/2000 12:00:00 PM
From: B.REVERE  Read Replies (1) | Respond to of 99985
 
How can we bounce with the money pump turned off?
Fed was out today and yesterday.



To: Crimson Ghost who wrote (46200)4/14/2000 12:04:00 PM
From: Fun-da-Mental#1  Read Replies (1) | Respond to of 99985
 
I think there is now major resistance on the COMP around 3650 because of the previous panic low last tuesday, the 200 dma, and now the gap down. Since it seems we are breaking price support at 3450-3500 (from previous high and gap up), the next big support is at 2900. So I'm guessing we go down to 2900, back up to 3650, then down again more slowly in a real bear market.

207.61.23.98

Fun-da-Mental


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