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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 679.70+0.7%4:00 PM EST

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To: GROUND ZERO™ who wrote (32187)11/4/1999 5:38:00 AM
From: bearshark  Read Replies (1) of 99985
 
GZ:

Throughout October, the high level of volume never ceased. As long as that volume was there, there was the opportunity for a resumption of the bull trend. I do not think we have seen the real breakout day yet. I expect that to be shown with about 1.3 to 1.5 billion NYSE shares traded on that day. (Of course, I would expect a final reversal day to look similar in volume.)

When the bear comes, no one will notice. It will be the end of SI because many of the novices will go bust. The bear, in successive rounds, will take their money. It will be marked by a key reversal day and the end of volume. People will quietly throw in their towels over a period of time and it will be over.

I wish I had more time now to play but I have other endeavors. You know all these things but I just wanted to post a note.

Of course, I am long.
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