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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: dennis michael patterson who wrote (37003)	1/8/2000 7:12:00 PM
From: Fun-da-Mental#1	Read Replies (1) of 99985

dmp, you write "If the naz can add even 35 points Monday this correction is over. I like LG's chart on the Q. Downtrend line broken. Sidelined money to come in. Bears trampled. We're going higher. I am delighted we had people puking up stock this week. It creates fortitude. I love this market. That's right: I'm thumping my chest you guys!!!!" True, but on the other hand, if it goes down, then resistance is confirmed, the uptrend is broken, and there's no reason we couldn't have a complete retracement. The key word is "if". This is make-or-break time from a TA point of view. Fun-da-Mental

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