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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: el paradisio who wrote (45822)4/12/2000 8:04:00 PM
From: TheKelster  Read Replies (1) of 99985
 
I agree. Anything even remotely normal would call for a pause. Maybe a down opening and then a recovery tomorrow. Next week could follow through with a few days of shoulder building. Then back to the business at hand.

Although it would be out of character, it's not out of the realm of possibility, for a (ouch) further plunge. It does seem possible that the psychology of those who drove it up so radically is up to the task of driving it down ; thereby breaking all the rules.

Didn't we just have a day never before seen in history, 13% down and back up to nearly flat? I would give them room to perform the unlikely, impossible even.
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