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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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To: John T. who wrote (48475)	4/28/2000 1:15:00 AM
From: Michael Watkins	Read Replies (2) of 99985

I concur, it wasn't a dark cloud cover, however it was a failed test of top. Normally I'd be shorting such a stock round about now. intelligentspeculator.com However GE's volume pattern over the past month makes me think its likely GE will mass the strength for at least another attack on new highs. If that transpires, any failure should be shorted immediately (or longs exited). My two cents. I suppose failing GE plus failing financials and already failed MSFT would be a good start to whacking the DOW down. ;)

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