MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

-0.1%

Jan 16 4:00 PM EST

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To: dennis michael patterson who wrote (1390)	12/11/1998 6:20:00 PM
From: GROUND ZERO™	Read Replies (3) of 99985

Dennis, A rally of 50-75 points to about DOW 8875-8900 will be met with heavy selling pressure and will stop any further rally dead in it's tracks. The advance/decline cumulative shows me that the rally of the past two months was thin and driven by the hopes of further rate cuts. There was no real buying interest as a function of expected higher earnings, a true bubble. Reality is slowly but surely setting in, and investors are nervous. A great time to be short. Of course, you must realize, if the markets rally to new highs from here, I didn't write this post. My Best Regards. GZ

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