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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: Arial who wrote (46415)	4/15/2000 9:56:00 AM
From: bobby beara	Read Replies (1) of 99985

>>>>After watching all the newscasts tonight, there was absolutely no panic.<<< Arial, i turned on nbc morning show this morning and they were all giggling about it, and most were saying they were buying or they were long term investors, everywhere on the threads people are looking to buy the dip -g- This mania stretched the nasdaq 4 standard deviations above the 200 day moving average, Was it Fig Newton or eric von bobbystein that said for every action there is a reaction. i believe we have a good shot of well overshooting the 200 dma on the downside before it's all over. b

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