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

To: Sam Scrutchins who wrote (74628)	4/10/2001 9:51:36 PM
From: ajtj99	Respond to of 99985

Sam, that SPX chart looks a little optimistic. There is quite massive resistance at 1180 and additional at 1200. However, if the spy plane thing wraps up this weekend, we could possibly see the SPX close above 1180 on Monday, IMO.

To: Sam Scrutchins who wrote (74628)	4/11/2001 1:18:29 AM
From: Temple Williams	Respond to of 99985

Hi Sam: My "timing" often sucks ... because a stretchmark sneaks in there, pushing everything sideways. Although extensions higher/lower often throw a wrench at the price levels as well, I myself am more comfortable with those predictions than I am with the timing. At the site, I update the 2-min chart (predicts the next 8 hours of trading) 6-10 times a day because of timing problems. I'm better at it now than I was a 3-4 years ago, but it's still important to point out that EWave has never been an entry signal for me. I use a combination of stochastics and Bollinger Band action for entry signals (covered at the free site). Good question, btw. Thanks. Temple