MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: Zeev Hed who wrote (76745)	5/10/2001 7:59:09 AM
From: Robert New	Read Replies (1) of 99985

I am more constructive now than ever and rather than see distribution that you speak of see much accumulation in the markets. The dips are shallow and on extremely light volume. That being said I do anticipate some "sell on the news" after the Fed event however plan to accumulate on that dip. The volume trends are VERY constructive from my vantage point and will continue to invest as such until this trend changes. I do also think we are leading up to a major move in the markets and think that move will be to the upside. However there will likely be headfakes as we often see. Many will miss out on this move out of the 2200-2250 area...

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