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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: HairBall who wrote (70669)2/27/2001 10:54:53 PM
From: Chuck Williams  Read Replies (5) of 99985
 
Hi LG,

Do you think we'll really dive tomorrow? A 10% drop on the NAZ would take us to 1986, a 15% to 1875... if that doesn't cause a -1000 tic than nothing will. Also, did you notice today that some of the worst performing stocks (that I follow - and you probably do, too) fell significantly, closed near their low, but volume was very anemic... am I way off base thinking that we're running out of sellers? (I assume there haven't been buyers in a while). This final leg down could be the capitulation everyone keeps waiting for. Also, the PE on some of the stocks are ridiculous. SNDK with a PE of ~5, FDRY 18, ORCL 19...

I think we're getting close.

Chuck
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