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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: The Ox who wrote (75246)	4/17/2001 10:40:39 PM
From: bobby beara	Read Replies (2) of 99985

exactly, the market has already discounted much of the bad news, and now is anticipating some good news, just like the market was discounting the good news at the top and anticipating the bad news. in january they were early on the upturn in business conditions, are they early now, nobody knows, except nutcretious who has a really fine crystall ball she bought o n ebay, leftover from an x-file episode -g- i don't think the market will know the extent of this contraction for another 3 or 4 months, and the bullz will play it like it's another correction in a bull markit. sentiment indicators bottomed in march/april, we need at least a bear rally of several months to get em back to the bull side, or maybe maybe the business conditions have bottomed and will re=vive, nobody knows.

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