MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

+0.1%

Nov 7 4:00 PM EST

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To: LTK007 who wrote (46367)	4/15/2000 12:44:00 AM
From: American Spirit	Read Replies (2) of 99985

This market is looking for an excuse/reason/rationale to rebound. It didn't get it today. The powers that be will give us a reason soon. Unless of course they're all short and want to bankrupt half the investors in the world which I think is unlikely. Watch the news media and you'll see. No one can afford a more prolonged downfall than what we've just had. Very oversold conditions. Very risky to keep shorting. 1000 Naz drop in one week in a pretty healthy economic environment. The big bounce-back is close at hand. Any positive spin will make it begin. However it will definitely be choppy at first. Whatever the case I've decided to hold through this. No time to sell at a panic selling bottom (or damn close to it)

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