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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: dennis michael patterson who wrote (36551)	1/4/2000 7:49:00 PM
From: bobby beara	Read Replies (2) of 99985

>>>Well b, if this is like last january, I'll be fine. Greenie to be renominated!Let's party!!<<< they sold that good greenie news today didn't they, what does that tell you!!! Nice 13% move in uspix for me today, i averaged in a couple of days late last week, while holding a few flyers, which i made some money on also. d, if it's like last january, we should find a bottom tommorrow then make a rally back towards the old spx high and start a consolidation pattern. last year the internals were much better, this year the bulk of the spx move is in tech high flyers. just about everybody i listen is super-bearish on bonds and everybody is pocketing a .5 rate hike. there is a five wave pattern in progress in this leg up in the tyx, i believe bonds should be forming a bottom soon.

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