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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.44

+1.6%

Nov 10 4:00 PM EST

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To: Sosmartinov who wrote (50311)	5/11/2000 10:44:00 AM
From: the Chief	Read Replies (2) of 99985

I think the manipulation has gone too far and the "investors" immersed in this market have been spooked by the near drowning experience....just look at the vol. If that's true then the charts we all have been using are temporarily useless and, seems to me, we are going to have to stick to stks that have pretty constant movement patterns, Good analogy.....near drowning experience. But that is was and will be the intention. For this opera to play out correctly they have to reduce mommentum to nothing more than quick pops followed by nail biting "edge" of cliff retreats. Each small ralley flushes out the sellers and the funds/brokerages accumulate a few more buys. This will continue up to and including Greenspans speach, after that the lid will come off the box and the trading range will be moved to the 3600 range. This will allow a secondary level of consolidation and further inroads for the funds. The staged buying will average out at about 3600 Nas points for the funds and liquidity will not be an issue in the next ensuing months. We have always referred to; the summer doldrums and the ensuing fall ralley with the pause for the dreaded October, as the norm. This year it will reverse. We will have a great summer investment climate and the stall in October could be a shocker! Disclaimer The author occassionally participate in "single malt taste tests" these tests can occur at anytime, and for long periods. The author is not complelled, to inform this thread, whether he is participating in one of these "tests" at the time of his "prophecies". Much like the AFLAK duck ......nobody understands me<ggggg> Signed the man with no brain

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