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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.52

-0.3%

4:00 PM EST

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To: Crimson Ghost who wrote (74038)	4/3/2001 7:52:42 PM
From: Doug	of 99985

G.S.C: A rally following any climax selling needs a Catalyst for the upleg. We are at the start of the earnings season where the majority of earnings are bad and the cc's that follow are equally bad. The only cheerful news we might see is a release of the crew detained by the Chinese. If there is no committment for a rally by the Institutions or an unscheduled Interest rate cut , this slow daily ritual of blood letting is likely to continue. Incidentally , who are the major beneficiaries of this leg of the bear market.?.

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