MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Zeev Hed who wrote (68922)	2/11/2001 8:53:35 AM
From: Crimson Ghost	Read Replies (3) of 99985

Zeev; An interesting thought from a very smart trader who runs his own pay site: We're getting a little ahead of ourselves here, but we see the potential for a giant 'hook' to develop over the next 2-4 months. If the major indices manage to hold above their late-Dec/early-Jan lows during the currently-in-progress correction and then move decisively above their late-Jan/early-Feb highs, almost every chart-watcher in the world will shout "Hooray! New bull market!". Our thinking is that the major downside risk will occur after these shouts are heard.

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