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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.21

-1.1%

Nov 6 4:00 PM EST

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To: donald sew who wrote (16286)	6/7/1999 1:56:00 PM
From: HairBall	Read Replies (1) of 99985

donald: Well, once again the Market has taken me to the brink, as many bearish consolidation formations have been penetrated and are in danger of being negated as I type. It seems the big boyz play the formations more than they use to. It is a stock pickers Market, more so than usual. I have been trading both short and long positions, intraday, so I have left nothing on the table in this rally. However, I am/was expecting the Market to top today and resume the decline in a more definitive manner. I am ready for this correction to play itself out, so I can once again get long with the investment accounts. The Market has once again pushed me to the verge of capitulation. Seems the last few Market expectations...have been sorely tested...<g> Place a daily TYX chart above a daily DJI Chart and note how the DJI has basically risen and fallen with the TYX since last Oct. Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.

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