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


To: 10K a day who wrote (76391)5/2/2001 4:14:43 PM
From: t2  Read Replies (1) | Respond to of 99985
 
Gee dude. What setup was that? LOOKED LIKE A MASSIVE BLOW OFF TOP TO ME. LOL

Dude, Don't know what you mean.
To me it looked like trades gone wrong and traders realizing that they were trying to stop a freight train a little too early. That is why the Naz rallied into the close. A rally into the close is a great indicator, IMHO.
A selloff into the close is also a great indicator for the next day but that was not the case today.