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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

4:00 PM EST

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To: dennis michael patterson who wrote (1919)	12/15/1998 10:18:00 PM
From: James Strauss	Read Replies (1) of 99985

Bottoms... On Oct 8th we thought it was the end of the world... We had several weeks of New Lows > 100 per day... We even had some days where the New Lows were 300 and 400... We are far from that right now... This is not a bottom... There is not enough fear out there yet... So, I think we have further to go on the downside... Jim

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