MDA - Market Direction Analysis

[wahz]

Posted by: wahz
In reply to: augieboo who wrote msg# 24040 Date:9/10/2002 4:09:16 PM
Post #of 24052

I think we spike to take care of max pain, and fill some more gaps(1347 nas, for example). Also, the criminal minds have a great shot here: they know that everyone is going to short the failure of this rally, anywhere under 1426. So this has to stop under that, and a turn at a double top will be the most perfect. But they want as highas they can get so that more $$$ is made on the fall to 1200 or much worse.

I say they throw everything at this thing to get it as high as they can, but 1347 is minimum.

Edit: I worry that they turn it at 1335 to get folks off balance, and then create gyrations through expiry, but go no higher than 1335, but this is a lesse probability event, although I may be underestimating the destruction this psychopathic action would cause, by screwing the shorts with a fake out and spike down.