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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Boplicity who wrote (67353)	1/20/2001 5:42:39 PM
From: bobby beara	Read Replies (1) of 99985

>>>Frankly, all one is seeing when one looks at a chart is past market psychology, which should be used lightly as prediction tool. I can't stress the word lightly enough too>>> your right dood, thats why most of us regular chart chasers on this thread, have back up 900 #'s to the jamaican chick and madame zelda -g- All one has to do is watch the tape and see how the drops are being bought to see the funds supporting this rally. Sure we are due for some selling, as happens in all rallies, and the amount of selling we get will be a very good indication of the health of the rally, but this rally is supported by more then just fund managers money. It's supported by an old bull argument shud i believe you or take this chart read on the lighter side of life -g-

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