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Strategies & Market Trends : MDA - Market Direction Analysis

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To: KM who wrote (31898)	10/30/1999 12:36:00 AM
From: Terry Whitman	Read Replies (3) of 99985

Perhaps you have never experienced a REAL bear market rally before? Don't feel bad, 90% of the people in the market now haven't either. Myself included. They move up lightening fast. Everyone piles in. The bears capitulate, and the market sucks everyone in that was shaken out on the last steep drop. Then it waterfalls down to a new low. Then you repeat the process. Lots of reversal signs today. I would use tight stops on any long positions because we are only about 2 bad days away from new lows in the A/D line. I will wait and see if the soldiers are going to go to battle with the generals before I go long. A close above 420 in the Value line index will be a major sign that the bear market may indeed be over. quote.yahoo.com^VLIC&d=2y I am definitely just as bearish now as I was a week ago, maybe more so. This will end with a greater fools' river of tears. Be it monday or 8 months from monday. BWDIK, TW

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