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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 687.86

-0.4%

4:00 PM EST

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To: American Spirit who wrote (76859)	5/11/2001 1:31:22 PM
From: eichler	Read Replies (1) of 99985

I too expect a rally to keep the market treading water until Tuesday. I don't expect the rally to really go anywhere, however...just marking time for the much anticipated Fed move. As far as "negativity has just been priced in", I would offer the following excellent post as to what is actually priced in to this point: Message 15787474 I would be interested to see your mathematical support of how "negativity has been priced in", or perhaps that is a "gut-feel" observation? Not criticizing here, just want to know. 2250 by Tues is still within the parameters of the rising wedge I defined previously, but I doubt the comp will have the strength to even re-enter the wedge it fell out of given the negative technical indications on the daily chart. I realize you could give a ratz beehind about "friggin charts", I got no problem with that. VBG Regards, Eichler

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