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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

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To: Lee Lichterman III who wrote (30981)	10/21/1999 8:04:00 PM
From: Terry Whitman	Read Replies (2) of 99985

An update from the technician's old friend- the A/D Line: decisionpoint.com The A/D is breaking down now through near term resistance and looks like it will test the 96 lows in the next few weeks. Pretty much air below that to the late 94 lows. Was it Heinz that said thursday rallies are a trademark of bear markets. My confidence that we are 2/3 of the way thru the bear market is building. I think the majority of the public is getting close to realizing it's a bear market. When the Dow falls thru 10K- the majority will probably wake up. The A/D line forecasts an ugly final 1/3, BTW. Of course we could rally tomorrow if some hollyweird star has another IPO. Hohoho MTL (Major Tough Love)in store for the holders of IPO crap. Bearishly yours, TW

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