Replies to post #7823 on MDA - Market Direction Analysis (MDA)

[deuce bigalow]

>

the spx formed a contracting triangle trading range at the bottom of the summer 02 pole, in most cases trading ranges after long directional markets are consolidations and the former trend should emerge from that consolidation, it's the most probable,

and it didn't, so most people have been caught off guard by this uptrend, and despite some of the bullish surveys, there is still probably a lot of money on the sidelines to fuel this thing.

the trading range on the spy, targets us back at the 2002 highs.