MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.86

-0.7%

4:00 PM EST

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To: HairBall who wrote (79051)	6/20/2001 11:24:33 AM
From: s berg	Read Replies (2) of 99985

LG, You are probably right about a cycle shift today. Sure looks that way at the moment. Alternative, "think like a criminal" scenario is that they are running up market towards highs yesterday to trigger short covering prior to the next leg down. If the market was solely driven by rydex type short term traders now is the time to shift cycles. But I wonder about 401k hemorrhaging as unemployment ratchets up.

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