MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+1.6%

Nov 10 4:00 PM EST

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To: HairBall who started this subject	12/28/2000 3:18:00 PM
From: jmootx	Read Replies (1) of 99985

Well this is how real rallies are suppose to begin. Volume is light, but the averages are going along with steady gains of just under/over 1%. A little wall of worry and not just a swift short covering rally. I am still a bear on Greenspan cutting rates, and I think it will take until April to start a meaningful rally that will take on the tough resistance ahead, but I see the OEX going to at least challenge the 720 area. Maybe a little more if techs can bounce a bit and money continues to find energy, banks, and medical stocks a buy.

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