MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: HairBall who wrote (28871)	10/8/1999 7:32:00 PM
From: Don Green	Read Replies (2) of 99985

> I have fostered the expectation that Y2K would be at least, a self fulfilling prophecy before the end of this year. LG I totally agree and feel after this earnings period is out of the way the snowball downward will begin. That is why I said Oct 19 may be key. After that, there is little to attract money and one HUGE doubt to encourage profit-taking. Americans like to wait until the last moment to act, so some might wait until after Bird Day. I personally think it WILL slide well under 10K toward 9000 or lower before Santa comes to town. I also expect a HUGE rally soon after the lights come back on, if for no other reason all of the CASH refunds for THEM Electric Generators should provide a good kick-start to 2000. regards Don

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