MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: Stephen M. DeMoss who wrote (73370)	3/27/2001 11:24:30 AM
From: Stephen	Read Replies (1) of 99985

Stephen, I wonder whether todays reaction is just a trading move by the hedge funds. They kept shorting on the breakdown of the diamond... and the reason CNBC reported was that they did it because it kept working. Perhaps now there's an uptrend/counter trend they feel they can squeeze shorts and will play that side till it no longer works ??. Thats all I can think of frankly .... Course ... that also means that the next move down could be just as dramatic ...... but all I can do is guess quite frankly. After 2 days of distribution in the NASD, the trin today is very strong. Still ... early days ... Regards Stephen

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