MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.45

+0.1%

Dec 4 4:00 PM EST

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To: t2 who wrote (78826)	6/15/2001 9:10:26 PM
From: Boplicity	Read Replies (1) of 99985

I think 75 would be bad for the market as in, "it's bad, it's really bad, it's getting away from us now". All these wild moves has to be weighing how people perceive the safety of having money in the market, the psychological aspects of the continuing gyrations are sure to cause people to sit on their hands after awhile and enter into a wait and see mode. You just can't turn a blind eye to the possibility of q1 more like q2 2002 as the time for the recovery to happen. That's just too long a time to wonder about the safety of their holdings. We might need a test of the April low to wash it all out. B

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