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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: bobby beara who wrote (29260)	10/12/1999 9:24:00 PM
From: Stephen M. DeMoss	Read Replies (2) of 99985

I was curious in the last half hour of trading, if the 'dip' would be bought. I was pleased <G> that it wasn't. It will be very interesting how quickly the dip will be bought tommmarow. Before I go long, I want to see really strong volume to the down side and some throwing the stocks out at any valuation. The big blue chips are merely 10% or so off their all time highs. No value here. Now if IBM & GE can return to the 100/share level or CSCO around 58; then we have some value<G>! When will they buy the dip? Steve D.

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