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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: Les H who wrote (31011)	10/22/1999 5:37:00 PM
From: Matthew L. Jones	Read Replies (4) of 99985

Sounds like a disgruntled bear to me. Let's face it... whether the data supports it or not, this market continues to go up. Every time I place my bet against the bull, I wind up licking wounds. We all say it, but I don't think we all really believe it: the market is always right. If all of the perma bears on MDA had truly played the market in the direction of their posts, they would all be sleeping on park benches. I think there are more verbal bears out there than real bears IMHO <g>. Should this market continue up? Probably not... is it going to? Only a fool would bet against it right now. Incidently, we really have been in a bear market for 20 months now (in terms of the broader market. The indices are really deceptive in this regard. If you look at a history on the A/D line it more accurately depicts the true direction of the broad market. I believe that we will see a change in the direction of the MA of the A/D line signaling the end of the real bear market any day now. As for the glamour stocks which drive the indices... well, look what happened to CSCO on a rumor. Matt

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