MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: donald sew who wrote (29868)	10/15/1999 1:31:00 PM
From: HairBall	Read Replies (5) of 99985

Donald Sew: What do you think of this bounce and hold pattern. It seems the overall market has taken the Greenspan speech and the inflation numbers fairly well. Me thinks, the intent is not to induce mass selling, yet. No capitulation volume IMO supports further downside, but not strait down. I suspect the intent is to use the BTD mentality to fleece those not so nimble traders/investors as much as possible. So, we will see a variety of declines, with each move down seeming to be "the" bottom. When the "myth" thread becomes populated by a group of disgruntled bulls the bottom will be in...<gg> Regards, LG

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