MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: dennis michael patterson who wrote (38549)	1/29/2000 2:53:00 PM
From: Jerry Olson	Read Replies (2) of 99985

LOL Dennis..hi there guy...hope you're doing well... i think we'll get a relief rally because AG will only raise .25... but i'll short the rally, especially if the NYSEBP reverses down here..we think it will next week... i would like to say tho...all these indicators are reversing at much much lower levels on the charts...meaning we were not as overbought as people think..we were like at mid field the 50 yard line... so we could rock down thru the 30% level, which is very oversold, and then when we reverse back up again...dive in with everything you have in cash!!! EVERYTHING....!!!! the bears are coming out of the woods right now as per usual...when this happens we wait and watch our stuff, for the bottom...i'll be there and so will you... regards OJ..

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