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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.76

-1.1%

Dec 12 4:00 PM EST

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To: James F. Hopkins who wrote (18141)	6/22/1999 12:01:00 PM
From: j.o.	Read Replies (2) of 99985

Funny isn't it! We've seen everything trade up on lack of followthrough to the downside this morning, but we don't seem to find much followthrough buying either... I think that L3 is playing it right...play it a little short into this rally and buy it back if we take out yesterdays highs. I still favor the downside here until that happens. Still occurs to me that many people are antipating bullish patterns, instead of waiting for confirmation. Trade well, j.o.

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