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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.31

0.0%

Nov 12 4:00 PM EST

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To: bobby beara who wrote (54847)	6/21/2000 3:39:00 PM
From: Death Sphincter	Read Replies (3) of 99985

Bobby...obviuosly we are in a strong rally off that bombastic nosedive of the NAZ....the question here is whether or not it is a 'suckers rally' as many want to believe. The truth is that over the past 5 years EVERYTIME there has been a sharp decline...the ensuing rally has raised screams of SUCKER RALLY!!! and EVERYTIME they have been wrong! I am trying to keep an open mind on this one, I do believe that when this particular rally ends it will be followed by a very tradeable decline, what developes from there is conjecture......I have stated before that I expect to see 1625ish SP eventually but I still don't think it is coming off this current move and that there is another sharp one down before an assult of the old highs..... meanwhile I am just shooting and picking little interday moves on the SP futures and not getting to excited AND, OF COURSE GOING TO THE DOGTRACK, where were you last night? man we kicked some butt, came home with 4 figures in my pocket....Thursday Nights 6th race is a gimme, 7 dog stains

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