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: Wayners who wrote (74574)	4/10/2001 1:42:51 PM
From: Robert New	Read Replies (1) of 99985

Good point. "V" bottoms are fairly rare in the broad market and if we do make a rapid ascent I will treat it as a strong bounce in a bear market. That being said if everyone is looking for that retest it may never happen. I would prefer to see a base build and a retest in time. I do think we are searching for a base in here given the volume on up days versus down days. Thus I have been slowly accumulating a few long positions on the weakest of days. Should we get that light volume retest ill commit fully. Did buy some EMC this morning...

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