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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

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Nov 12 4:00 PM EST

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To: Eurobum1 who wrote (75944)	4/25/2001 12:44:26 PM
From: Temple Williams	Read Replies (4) of 99985

Hi Euro: What kind of market? I called yesterday a "frog boil sell" ... all the bulls were sitting in luke warm water. The bears turned up the heat, very slowly, and the bulls never noticed they were getting cooked until they passed out in the boiling water. Today the bulls are trying to put on a good show, but they are acting like sissy bulls. All snort and ground pawing, but with no charge. So ... I still think the basement button was pushed, and it's going to take some time to let it slide. But it's a tough market to trade. I had one shot this morning, it quickly gained 5 handles, I turned it "safe" (lowered the stop to the entry) ... and was stopped out for a b/e. Seems you can't hang onto anything. It's hand-to-hand combat, exhausting, bruising, not much fun ... and when you're in it, one has a tough time backing off long enough to suck oxygen and look at the bigger picture. Tough market. Temple

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