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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: Benkea who wrote (16589)	6/9/1999 4:11:00 PM
From: briskit	Read Replies (1) of 99985

Benkea, just remember "every bear has his day" <ggg>. Looking at CMGI, AOL, IIX.X, they are in the tightest corner of a descending wedge from long term support and recent down trends. They are fighting hard, but finding downtrend resistance too much. It is going to take some bull to get through that resistance, and I don't mean an easy one-liner at closing time :^). Something has got to give. I, for one, think the next few days to a week will tell, unless the markets continue the way they are <gg>. MD

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