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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: Lee Lichterman III who wrote (30880)10/21/1999 8:51:00 AM
From: KM  Read Replies (2) of 99985
 
I think there's precedent for extreme volatility of this type to be present at major trend changes, isn't there (such as theoretically, in this instance, a possible long term trend change from up to down - not that I necessarily espouse that).

Another possibility to throw out counter to your thesis - J6P or whoever is sitting on cash feels like a fool for not buying last Friday or Monday, resolves not to let it happen this time and buys this dip.

This market and volatility is heaven for the nimble daytrader who goes to cash every night.

Good luck everyone.
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