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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: bobby beara who wrote (39418)2/8/2000 4:43:00 PM
From: Michael Watkins  Read Replies (2) of 99985
 
Bobby,

Well I certainly agree with you... and I myself am only looking for clues to a top, I will not get short big until we have some confirmation. I saw the VIX pull back Monday as a strong indication that the market would pop on the slightest good news; similarily I think we are at the balance point where the market will crap out on anything perceived as negative.

But, will wait and see....

cheers
Michael
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