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


To: pater tenebrarum who wrote (47192)4/18/2000 4:09:00 PM
From: AllansAlias  Read Replies (2) | Respond to of 99985
 
I took most of the day off as the last 10 really took its toll. I am surprised by the run today. It chewed through lots o' resistance to close at this level. I sense the volume was light (but I have not really checked) and I do not like the gaps on the upside runs one sees in the short-timeframe intraday.

I am torn between thinking this is some kind of super-sucker blowoff rally and thinking I'm missing the boat long. I am still betting the former. Tonight I will decide for sure, but right now I'm a little confused. I expected it to take 2 or 3 days to accomplish what was done today.

--Allan