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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%4:00 PM EST
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To: dennis michael patterson who wrote (36550)1/4/2000 10:23:00 AM
From: pater tenebrarum  Read Replies (2) of 99985
 
btw, i see many e-wavers count the current correction as 4 of 5, which means they are looking for one more attempt at new highs before we really tank. i'm actually not convinced that the Fed will have the necessary backbone to continue to drain liquidity if the market swoons too much.
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