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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.66-0.1%Jan 16 4:00 PM EST

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To: el paradisio who wrote (45797)4/12/2000 6:33:00 PM
From: Crimson Ghost  Read Replies (1) of 99985
 
We may indeed be near a short-term trough in the NAZ, but I would not count on much of a bounce. Morgan Stanley's Steve Roach says that stocks must go down and STAY DOWN for awhile to slow the economy and break the cycle of manic speculation.
And he is close to the central banking community.
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