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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.79+0.6%Jan 6 4:00 PM EST
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To: SpecialK who wrote (83810)5/5/2003 5:37:15 AM
From: Crimson Ghost   of 99985
 
There is little doubt that this market will correct shortly IMHO. But how steep the correction -- that is the question?

If we are indeed in a new bull, we probably will not retrace more than a third of the recent advance. If the bear is still in charge -- much more than that.

But whether a modest retrace or really big drop -- better days are near for the shorts.
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