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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Lee Lichterman III who wrote (4793)	1/28/1999 1:55:00 AM
From: donald sew	Read Replies (2) of 99985

Lee, >>>>> Why are so many people agreeing with us that a correction is coming soon? Pullbacks happen when the least number of people expect them. Market moves happen in the direcion that help the fewest gain the most <<<<<< Last night after the 120 point runup, I was talking to a group of average investors and most of them were bullish. One of them did very well in MSFT and said he was going to margin more from his account to get more stocks. Of the 4 brokers I keep in touch all 4 suspect there may be some sort of pullback and 3 of them think that the pullback will be very small and they are still convincing customers to buy now. Only one of those brokers play index options. So I feel that the SI group is more advance than the average, and in the bigger scheme of things we are the minority. Seeya

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