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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.03-0.1%4:00 PM EST
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To: donald sew who wrote (17980)6/20/1999 9:11:00 PM
From: pater tenebrarum   of 99985
 
Don, i read your index update...it mirrors my thoughts. the correction has not had a satisfactory resolution in the form of a 'washout'. however, the market action since the CPI release has thrown up too many bullish signs to ignore. we'll see how well the market takes your class sell; currently i would not expect too much downside, although p/c ratios and the oversold VIX indicate some sort of a pullback as well.

regards,

hb
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