MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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4:00 PM EST

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To: HairBall who wrote ()	10/12/1999 1:25:00 AM
From: J. P.	Read Replies (1) of 99985

I don't log onto SI all that much anymore, but was reading through some posts here and see that we're decidedly bearish. I admit I'm not as smart as you guys but I'm bullish. So I suppose I'll be losing my money to you in short order. My reason for bullishness is the SP 500 and the DOW have touched and based along the 200 DMA, and the Nasdaq is now reaching new highs coming through earnings warnings season. Options expire this week which should have a stabilizing effect and the biggies start to report earnings going into what should be a strong 4th quarter. But again, I'm not nearly as sophisticated as you guys, so I'll probably take a bath here. Good luck whatever happens.

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