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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 (31193)10/23/1999 3:24:00 PM
From: LTK007  Read Replies (3) of 99985
 
Matt got to keep in mind Cramer is a militant bull(always has been)---the hedgers found themselves on the wrong side of scale LAST week---next week may be entirely different--one thing I am sure of the call of the bull being back can not be made yet,at all,in my opinion---in fact i still lean heavily to it's not being back,not until NDX corrects--there is the problem,there is the danger.
Fleckenstein took the view that the failure to capitulate after IBM is just another sign of what was going on in Japan in 89---it is called denial,i believe.Max90
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