MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: t2 who wrote (79929)	7/11/2001 12:38:38 AM
From: mishedlo	Read Replies (1) of 99985

NV the ONLY thing AS has right is how the market MAY react on that first sign of business uptick. It is indeed possible for the market to shoot up 800-1000 points if it thinks a recovery is underway. False hopes IMHO but I will try and play for them in due time. I say false hopes cause the market may react as if we were going to build the internet all over again, which is of course insane. All it will be is the next cyclical round of orders coming in before the recession hits in March of next year. (Which is where I differ with turnips view of late next year). Under the right conditions it could happen this year. The bottom is simply not in IMHO. Why buy now. M

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