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: mishedlo who wrote (79938)	7/11/2001 1:25:21 AM
From: American Spirit	Read Replies (1) of 99985

Just relax. We're close to a dramatic pop back. Everything's oversold. Any more panic selling and that'll be it. Every warning in the book has to be priced in now. Okay maybe it could get a little worse but if you're trying to time the absolutely bottom stay glued to your screen because this could reverse any time. Christ, you've got some stocks trading for half cash in the bank. Overdone. doesn't mean the market can't overdo it more of course, but I don't see how you could get hurt on techs down here. The biggest risk would be selling now. Or shorting.

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