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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 674.96+0.9%4:00 PM EST

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To: donald sew who wrote (19040)7/1/1999 12:28:00 PM
From: StockOperator  Read Replies (1) of 99985
 
Don,

I hope you've been well. I believe the bullish side is the place to be right now. My gut tells me that this next leg up could move at a rather brisk pace. A move that should cause much excitement besides pulling in huge amounts of money that is sitting on the sidelines. However, I also believe that this may also turn into a grand distribution of shares from smart money to the general public. A final game of musical chairs before a much more severe downdraft in prices. A likely scenario would be everyone rushing (attempting) to the door at the same time in anticipation of a Y2K meltdown.

So the next couple of months may offer us a classic example of mass investor psychology at it's finest. The speed of the next leg up should speak volumes.

Profitable trading.

SO

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