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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.27

-0.5%

Dec 1 4:00 PM EST

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To: James Strauss who wrote (46671)	4/16/2000 3:24:00 PM
From: Michael Watkins	Read Replies (2) of 99985

Jim, I will not be surprised if there is more time to consider things than just a day or two. INDU - intelligentspeculator.com If this is a replay of an 87 style crash, then some grinding is to be expected. On a weekly chart there was a fairly obvious buy spot however (INDU) some 7 weeks after the initial crash. COMPX - intelligentspeculator.com The COMPX provided the safest entry some 8 weeks after the initial crash. Moral of the story, for many investors, don't be too quick to rush in. Expanding time frames to look at a weekly chart might be a good move. Michael

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