MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

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4:00 PM EST

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To: el paradisio who wrote (64276)	12/14/2000 4:37:46 PM
From: eichler	Read Replies (2) of 99985

El! Didn't yo mama tell ya bout falling knives! JUST KIDDING! Actually, I predict you will easily get your fill on QQQ 64. I also predict you won't be happy either. QQQ has already taken out it's 62% retrace from 11/30 low to 12/11 high. Next stop, full retracement. Next stop, new low. Black Marubozu implies further downside ahead. Proceed with caution! Unfortunately, it looks like a perfect set-up. HOPE is in full swing with expectations of Santa Rally(Ho Ho HO) and disbelief we are falling again. Bottom pickers everywhere (unbelievable!). MM's are not done picking our pockets! Best of luck! Regards, Eichler

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