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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST
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To: John Pitera who wrote (3852)1/13/1999 11:37:00 AM
From: StockOperator  Read Replies (1) of 99985
 
John,

Good question. The market is clearly overvalued by every historical measurement. Complacency? Big time. Most people I speak with these days have the stock market on their minds. But yet does this mean we are at a top? I'll let the market tell me. The higher this market goes the wider these swings will be. If this is a turning point, the markets will give us clues in advance. Today's close will speak volumes. The close at the end of the week is paramount.

All we can do is wait.

SO
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