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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: bobby beara who wrote (4882)	1/28/1999 11:03:00 PM
From: dennis michael patterson	Read Replies (2) of 99985

Yesterday gave me a look at something I haven't seen for a while. The quick, brutal down move. When the bids scatter, and stocks fall out of the sky. Everyone has one foot out the door. This market just needs a nudge and it goes off the cliff. Yesterday was a preview. Febuary could well be brutal. The money looks to be drying up (http://www.amgdata.com) and the Bullishness is unprecedented. If only the bear percentage would drop to the low 20s. We'd be there!

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