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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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Nov 19 4:00 PM EST

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To: HairBall who wrote (1416)	12/12/1998 2:31:00 PM
From: James Strauss	Read Replies (5) of 99985

Market Internals Becoming More Bearish... quote.yahoo.com New Lows Are Expanding... decisionpoint.com If New Lows consistently stay above 100 we're in for a more severe correction... Here is a look at the Rydex charts... Pay particular attention to the Ursa fund... This is a BEAR fund... You invest in it when you think the market is going down... Right now the chart shows this at a bottom... That's where you want to see a BEAR fund if you're looking for confirmation of a correction... decisionpoint.com Regardless of what happens in the Impeachment hearings the market is going to do what the market is going to do... Right now it looks like "Down" is the dominant direction... Jim

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