MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 675.02

+0.9%

Nov 25 4:00 PM EST

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To: Benkea who wrote (52801)	6/1/2000 8:49:00 PM
From: el paradisio	Read Replies (1) of 99985

Beneca,I was on the bottom,buying CSCO at 51 and others. You remember the idea, that if we are counting on Oct 98 rising support line on Nasdaq, we can apply the same rule to Indu. NYA candles and VIX were also pointing at possible the bottom. I am not saying,that market is weak,but we are due to the pullback. Many of the stocks on your list are getting overbought. In my system,I can already see some weakness. Depends,how much pullback we will get. We can retrace only 1-2% and rally further.... BTW,I have a bigger cash position at today closing. el

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