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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.38+0.1%Nov 12 4:00 PM EST
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To: James F. Hopkins who wrote (22615)8/11/1999 6:50:00 AM
From: Yogizuna  Read Replies (1) of 99985
 
Jim,
We are definitely very oversold here, but as you say, it may not be the THE bottom just yet. There is still at least one "juror" who is holding out in the deliberation room, infuriating da judge. <g>
When we do finally bottom out, the better play may be to short the "dead cat bounce", as the "dipper crowd" may be short of cash due to the carnage in the internet stock sector. Yogizuna
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