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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: Matthew L. Jones who wrote (30710)10/20/1999 9:15:00 AM
From: donald sew  Read Replies (1) of 99985
 
Matt,

>>>> Come on you guys... I come here for my balance. I am naturally bullish and need a good dose of bearishness to stay in check <g>. I'm starting to get worried as I see several of you guys teetering on the ragged edge of capitulation. Where is the resolve? Are you guys throwing in the towel? <<<<

Agree, I dont see any firm evidence of capitulation, but we need to keep in mind that we also have SECTOR ROTATION whereby we should not ignore the possibility that some sectors can still move up strong and even set new highs, while the major indicies may just stay in a lower trading range.

My feeling is that as long as we still see the extreme SECTOR ROTATION, such will limit both the upside and downside. If we see all sectors weak with no sector rotation, then that may be a clue that some sort of capitulation for a mid-term bottom. The reverse to the upside would also be true.

seeya
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