MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.31

-1.1%

Nov 6 4:00 PM EST

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To: Vendit™ who wrote (37925)	1/24/2000 9:30:00 PM
From: Benkea	Read Replies (1) of 99985

Vendit: FWIW, I'm just watching, but if I were to guess , I'd say I think the OEX gaps down, retests 748 min before it bounces to the 13 day at 762 and resumes its' decline. R2K should go back to 515 min before a bounce. The r2k actually looks better than the OEX, but I am inclined to think it is being run by its' nut influence. I'm just watching here, and am not interested in trading it. With the divergence in the NAS and rates, any correction could quite easily morph into "the big one". The divergence will resolve itself in either much lower stock prices, much lower bond yields, or a mixture of both.

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