MDA - Market Direction Analysis Message Board

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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: James Strauss who wrote (5227)	2/2/1999 5:31:00 PM
From: uclatrader	Read Replies (2) of 99985

i fully agree after csco's earning today i would not expect more positive news to move the market up only downside risks left brazil is still a time bomb china still has possibility to devaluate also all indicators r pointing to the down side transport catches up the downtrend today it is a broad market sell off bullishness now is 60.7% buyers r already in no one will buy at this level we need a correction to resume our uptrend which is healthy too 9100....8700 shuo

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