MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: Gersh Avery who wrote (48881)	5/2/2000 8:51:00 AM
From: Terry Whitman	Read Replies (2) of 99985

I've read 'Future Shock, 'The Third Wave', and "Power Shift". Thought 3rd wave was an excellent forecast for the 80's and 90's. Weekly SPX trend data shows 3 Up and 3 Down tuesdays following an UP monday. Flip a coin. <g> Digging a little further, there were 3 instances where an Up monday followed a Down friday since last October- all three were followed by a large gain on tuesday, FWIW. Europe is rallying this morning, BTW. This is likely just typical first of the month bullishness- in which case, we should probably be taking profits later today or tomorrow. Regards, TW

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