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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: bobby beara who wrote (33866)	11/21/1999 12:08:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 99985

Bobby, If we are topping, which areas are the most vulnerable in a selling environment? I am looking at HHH and QQQ. Both are making new highs pretty much daily. Personally I think we are in a blowoff like I have never seen. I have friends who have made over 150 grand in the past month alone (with options on net stocks mostly). Yet it may not be a blowoff. Or maybe the blowoff will last a lot longer than most think. If this rally can continue another month or so, and if no problems Jan. 1; we could see short covering like never before and QQQ could go to 220 by Jan. 5. If you were going short before a possible turn, what are you looking at? Thanks in advance, Steve D.

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