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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Eddy Blinker who wrote (83323)	7/22/2002 6:30:52 PM
From: Rob S.	Read Replies (1) of 99985

I mis-directed my comment. . . I see what you were meaning now. I keep thinking, "this is it" (capitulation), but then think that with the "system" having destroyed confidence methodically over several years why should anyone place that much trust in U.S. denominated stocks? It's nice that the politicians are now jumping on the bandwagon to tar and feather the offenders, but that doesn't fix anything in the market now. Perhaps this sell off has further to go than anyone thinks. To get to being cheap many stocks still need to drop 30%-50% from the current level . . . if you can trust the numbers.

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