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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.19

-0.8%

4:00 PM EST

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To: dennis michael patterson who wrote (1919)	12/15/1998 5:02:00 PM
From: John Pitera	Read Replies (1) of 99985

Dennis--your quote It's always like this at a bottom. Remember 8 Octo? I shall not make THAT mistake again. I think it is essential to try and describe what it is like at tops and bottoms. For this crowd, we (and I mean WE) are MUCH better at tops than we are at bottoms. Weneed to work on this! I don't care about this bull/bear bs-- just direction. I mean this sincerely-- we are, collectively, weak on identifying the bottoms. I take it that you feel that we have reached a significant bottom, at least a medium term bottom, on a parallel with Oct 8 and the Djia has 2000 points to the upside? I'm not being critical, I just want to make sure I am interpreting what you are saying correctly. The market did have quite a nice surge today after 1 PM Best Regards, John

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