MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 690.27

0.0%

Dec 26 4:00 PM EST

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To: bobby beara who wrote (80697)	7/21/2001 11:03:24 PM
From: t2	Read Replies (1) of 99985

this is a retest of the april bottom, which may just be a retest of a trading range, but those who are looking for a crash, are a year late. A retest of the April lows puts us down about 20%. That is a crash.<g> Are you looking for a decline of that much? I was surprised that the market did not drop more on Friday..maybe options expiration. Monday is a big mystery. NYSE short interest went up by 3.7% and Nasdaq numbers should be out by end of week. I don't know if it will matter much in the market direction...it has not before. However, if the market does go down to retest the lows, the high short interest could create a fast spring back in the market.

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