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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 695.420.0%Jan 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (21733)8/1/1999 11:32:00 PM
From: bobby beara  Read Replies (3) of 99985
 
>>>>>I'm amazed at all the bearishness around here at SI... these markets are a two way street and these markets love to surprise everyone and do the opposite of what most people expect<<<

GZ, yes the bearishness is pervasive, but remember only two weeks ago the market was invincible, the fed had turned "friendly" and we were going into a great earnings season, now we are headed into the worst historical season of the stock market, not a time to step under the knife, let the hero's try to form some bottom here.

take a look at the russell 2000 monthly chart and tell me that doesn't look like the nasdaq bear coil off the october 97 mini crash.

bb
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