MDA - Market Direction Analysis

[Zeev Hed]

Interesting, on SI, I suggested that the Sox could go as low as 184 in the next six to nine months, pretty close to your number. As for the immediate future, the top of the BB band is 385 (if I measured it correctly) and the "criminal" thing to do would be to fake a breakout by going through the current double top at 368 (Friday we just got above on a print basis, but could not close above the high set August 22). I got my 184 as the 50% level of that double top at 368...

Zeev