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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: James F. Hopkins who wrote (21193)	7/27/1999 2:00:00 PM
From: j.o.	Read Replies (2) of 99985

I think that you're one of the few to have actually ridden the rally, Jim! So many were shaken by yesterday that everyone looked to buy the open - and missed a good part of the move. I am hearing a lot of bearish sentiment, and we're sitting right close to where I have the long-term (from October) uptrend line (I use "internal" trendlines, which are subject to the vagaries of my interpretation). I figure it makes sense to play the long side until that trendline goes. We touched it at the lows yesterday on the Dow and NDX. I must admit that I didn't get around to having a good look at the charts until this am, so I missed out too <ggg> Ahhh well - I can always just buy the Euro and be happy <gggg>. Have a good one. j.o.

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