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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: JRI who wrote (64421)	12/16/2000 6:09:54 PM
From: Stephen M. DeMoss	Read Replies (1) of 99985

I look for an up pressure Monday and Tuesday, regaining some of the big losses in the likes of sunw & sebl etc. I personally see it as short lived ie. after the fed meeting and 5 minute rally, I see us reversing again. If however, there is a down two days leading up to the fed meeting, I believe it can be bought for a relief rally after the fed meeting. In either case I believe the trend is lower across the board for the next few weeks and maybe longer. When I saw the action in Sunw last week, I was convinced that the downside move is for real. Sunw kept saying rumours are false and reports kept showing how dominate they are in their space, yet the stock was hammering every day for 8 days. No rationality to it. This move down is for real! Good luck, Steve D.

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