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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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Nov 17 4:00 PM EST

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To: Teresa Lo who wrote (21499)	7/30/1999 8:47:00 AM
From: John Pitera	Read Replies (3) of 99985

IS, a very well written and compelling post. Nevertheless, there are several repeatedly appearing essential ingredients to tops, the chief of which is, of course, how to fool the most number of people into confidently holding (and even buying) stocks as the bull market ends. The way this is done…is often by magic: Tops don't look like tops.” “The notion that there will be some perfect top formation – Dow up, nothing else confirming – so that the sell bell will ring for thee alone, is nostalgia for the past. We have put the ingredients in the pot to send this market southbound. and We do appear to be on the way. John

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