MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

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To: Casaubon who wrote (51416)	5/20/2000 8:17:00 PM
From: Benkea	Read Replies (1) of 99985

Casaubon: "But to me, the hints look down." I'm trying to figure this out. Usually when a pattern becomes so obvious as the one everyone and their dog is seeing via even an elementary TA understanding, it does not play out. Could it be that everyone is wrong in that they expect this to end in the not too distant future after another slam only to recover and rally? Could it be that everyone knows it looks ugly but it so complacent that they stay invested anyway and get real hammered? There is just no way I see this thing playing out in the manner consensus currently expects. So, we are either going to bounce and rally for a couple months or we're going to fall to levels currently unimaginable.

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