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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: bobby beara who wrote (33050)	11/10/1999 2:49:00 AM
From: Stephen M. DeMoss	Read Replies (1) of 99985

It says 'Why fight the tape'. In the old days I would have fought it and lost my shirt. This time I shifted gears and got 30% back in short order. How come none of us bears called a short term bottom? Things turned too quickly I guess. I tried to get fancy and go short two days ago and almost got hurt badly. Fighting the tape is a big mistake. Its better to capitulate and be ready to take profits quickly. The trend now is up. Steve D.

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