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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

Nov 20 4:00 PM EST

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To: pater tenebrarum who wrote (33226)	11/11/1999 8:56:00 PM
From: Vitas	Read Replies (1) of 99985

Heinz, there is a very fine line between figuring out whether the market has reached a blastoff stage and therefore initial rolling over of oscillators and such are meaningless, or if the rally is really not that internally strong and we head back down again. I'm going with the latter, but sometimes I wonder. I can't see the market as having set the legs for a sustained multi- month rally, due especially to the fact that Naz never really washed out. Vitas

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