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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.53-1.5%Nov 20 4:00 PM EST

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To: bobby beara who wrote (851)12/8/1998 12:20:00 AM
From: Jay8088  Read Replies (2) of 99985
 
Good point. I am also changing my tune. This market is going higher short term. We may get fairly close to 10,000 by January. Can't fight the tape. Sigh.

BBR short term sell signal has been stopped out. It confirms the market that is refusing to go down. One can gripe about speculative frenzy and extreme valuation to no ends. I think it is the liquidity that is driving this market and as of now, the path of the least resistance is UP. Going long tomorrow morning.
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