MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Alex MG who wrote (77971)	6/5/2001 9:48:21 AM
From: HairBall	Read Replies (2) of 99985

Alex MG: IMO the equities market has been in a bull market since the lows of 1974. Until the support line from those lows is broken, this is just a correction in a long-term bull market. One should notice while the NAZ Comp has gone through a major correction, the NYSE Comp has not. The NYA (NYSE Comp) for the most part has been trading sideways since Jan 99 with a slight upward bias. It remains to be seen which direction this multi year consolidation will break. I am anticipating new highs... Regards, LG

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