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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.79+0.6%4:00 PM EST

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To: HairBall who started this subject2/20/2001 6:10:19 PM
From: iod_sherwood  Read Replies (1) of 99985
 
Concave Continuance...

geocities.com

Looking for 1500-1600 NDX maybe as our bottoms and 1750-1850 on COMPX... should be a reasonably steady slide here in and going forward... then we'll do the lamest year of trading in a range ever...

I cannot see relief rallies or bear mkt rallies taking us near 3k again... would ahve to be something almost miraculous at this point one would almost say... Very tough hill to climb.

^sherwood
groups.yahoo.com

From stockcharts.com's dow theory... i repost this stage...

Primary Bear Market - Stage 3 - Despair
At the top of a primary bull market, hope springs eternal and excess is the order of the day. By the final stage of a bear market, all hope is lost and stocks are frowned upon. Valuations are low, but the selling continues as participants seek to sell no matter what. The news from corporate America is bad, the economic outlook bleak and not a buyer is to be found. The market will continue to decline until all the bad news is fully priced into stocks. Once stocks fully reflect the worst possible outcome, the cycle begins again.
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