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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 688.93

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4:00 PM EST

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To: John Pitera who wrote (5187)	2/2/1999 12:50:00 AM
From: Jack T. Pearson	Read Replies (2) of 99985

The market has immunized itself to bad news in the last 18 months. The U.S. economy is very strong and we aren't frightened of problems in Japan, SEA, Brazil, etc. anymore. Can we have a major correction without some really scary news? Without really bad news, people just treat small and medium drops as buying opportunities.

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