MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

+0.3%

Nov 5 4:00 PM EST

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To: HairBall who started this subject	4/22/2001 10:29:12 PM
From: Psycho-Social	Read Replies (2) of 99985

Short-term Nasdaq Forecast: You've all been waiting for this before planning the coming trading week, so here it is! <g> Trader Sentiment on the Nasdaq is over 80% bullish, according to Jake Bernstein's Daily Sentiment Index on the Nasdaq, but my Nasdaq Business Sentiment Index is still rising. Conclusion: We may hold near these levels for a few days, perhaps go a little higher, but a significant Market decline is close at hand. There's money to be made on the short side now.

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