MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: Dennis O'Bell who wrote (72733)	3/19/2001 4:49:25 PM
From: American Spirit	Read Replies (2) of 99985

Don't forget, so much of what's invested now is on the short side. So selling can actually be covering. 90% of traders have been short up until today plus some major hedge funds and institutions. Even if you believe the market's going lower, nothing goes straight down. We're due for a sharp relief rally at the very least. Friday was a real capitulation day and may have been engineered by the stock Gods to execute a perfect coiled spring rally. Waiting on you, Mister Greenspan, most powerful man on the planet. What if we got a 1.0% cut. Whoa boy. I'm hoping but not expecting.

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