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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: Les H who wrote (40596)	2/18/2000 9:28:00 AM
From: coug	Read Replies (1) of 99985

Good morning Les and all, I am still on a "technical sell" and glad of it.. because in the last few days, we have had generally benign economic news, and the market gave a big "ho hum" whereas in the old days, a few months ago, we would have had relief rallys at the least.. that had carry through.. Well, if a person believes the numbers or not, the market reaction has been poor.. A warning sign to the bulls IMO. So with nothing to spur buying, that begets selling in todays environment. I caught a A G Edwards retail analyst, yesterday on CNBC, (a bullish bunch that firm usually is) saying that, the retail sector is the worst he has seen it since the summer of 87.. So... We will see........coug

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