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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST
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To: Haim R. Branisteanu who wrote (74297)4/5/2001 11:03:30 PM
From: Crimson Ghost  Read Replies (1) of 99985
 
Haim:

I have a different take. Today's rally was genuine all right, but it's suddeness and the lack of base building classify it it as a bear market rally. Now bear market rallies are often explosive and very profitable for smart longs, but they don't last long. A few weeks more or less. The January rally is a good example; this looks like a re-run.
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