MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Stephen M. DeMoss who wrote (74054)	4/3/2001 8:32:38 PM
From: Boplicity	Read Replies (2) of 99985

depends if you are looking for trade or for an investment. If you looking for trade you are going to find it hard to go long when the selling is so orderly. If you are looking for an investments, you should be looking for base building of three to four months or longer, before you go long. Frankly the easy route is going short. Why fight the tape? Right, when the easy route is obvious look out! Like I have mentioned time and time again recently, mergers or increase failures, something new as a driver, prices getting ridiculously low, or a glimmer of light to address the visibility problem, maybe all of then at have to happen before the market can recover. We have been looking for the blow off. Where's the blow off? We need a massive blow off. I want a big down day. Look around you, WE ARE HAVING A MASSIVE BLOW OFF it's just spread out over many days. It's getting rediculous, as in throwing the baby out with the bath water. They are selling first and asking question second. If you want to go long remove all stocks from your screen but one, CSCO. When CSCO stops going down the market will have bottomed. Then you can start to research what areas to buy into after the bases are built. Bebop

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