MDA - Market Direction Analysis Message Board

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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: StockOperator who wrote (3521)	1/8/1999 9:10:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 99985

StockOperator, manias are quite difficult to predict but I will ad my 2 cents. The action of several Internet stock today was just breath taking. AMZN from 158 to 199 and then reversed back blow open, speaks millions The heavy volume and the anticipated seemingly broad participation is more reminiscent of a blow of top than a start of a rally. Would agree with you if we had 0.2% to 0.5% advances with some retracements but such desperate moves up, of 2% to 3% are not exactly the foundation of a sustainable bull market, but more the precursor of a severe decline. BWDIK Haim

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