MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.40

+1.2%

Jan 21 4:00 PM EST

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To: HairBall who wrote (43642)	3/20/2000 2:24:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

LG: When I said i am long the old economy I should have added that I am long foreign old economy stocks. These have not rallied nearly as much as the domestic old economy. Poster I have followed for a long time at another site with a very good (but not perfect) record now talking about an upside breakout from a wedge in the spoos. Sees the spoos going as high as 1600 before long. But after that the bears romp with the spoos dropping back near the 1998 lows. An interesting scenario to say the least!

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