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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: Jon K. who wrote (1976)	12/15/1998 9:12:00 PM
From: bobby beara	Read Replies (2) of 99985

>>>isn't this mean bear market climax? Yet market was very bullish today...???<<< Jon, -184 reading of yesterday is very oversold territory and can be the area of a short term (or intermediate term) selling climax. In most cases, this should be an area of buying not selling. >>>It looks as if someone was intentionally buying only 30 DJ blue chips in order to boost the market artificially.<<< Not so, big money entered the market today, look at the oex. We may have had an ABC correction on the OEX and are now headed toward new highs. I believe Clinton is a non-issue. Clinton has little effect on economic issues. bb

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