MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: LTK007 who wrote (79915)	7/10/2001 5:51:51 PM
From: t2	Read Replies (1) of 99985

yesterday we can now say were shorts taking profits and shorting more,at their leisure. Max, I think you are right. In any case, I am finding that my logic to trading is not working in this environment...maybe we still are in the bubble bursting stage as someone pointed out yesterday. The interesting thing is that this feels like deja vu, remember Russian currency crisis and the Asian flu. Now, foreign currency issues seem to be market moving factors again. This market seems to be behaving just like it did back then. What is more interesting is that the Nasdaq is basically at those levels again, more or less. (at least a lot closer than Nasdaq 5000) Does that mean we recover like those other times? Of course, I don't have a clue.<g>

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