MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Tunica Albuginea who wrote (46201)	4/14/2000 12:08:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

Looks like the mutual funds indeed are no longer in a position to allow or not allow anything. They can support particular sectors, but do not have anything like the liquidity to support the entire market. We may get a nice bounce towards the close, but we are nowhere close to a MAJOR bottom in anything except gold stocks which are booming today after a severe drop in recent weeks. And especially not the NAZ which still is up 35-40% from October.

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