MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

4:00 PM EST

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To: StockOperator who wrote (5467)	2/5/1999 2:17:00 AM
From: neverenough	Read Replies (1) of 99985

Friday should tell the story, if we continue down and don't recover before the close, we're in serious trouble. I believe both the Dow and S&P will break major support lines next week and we will slide much lower than most people think. The internals suck and the AD has gone from bad to worse in the last few days. But hay it will gives us great buying opportunities within the next few months. Now if the Dow, S&P, and the NAZ can close higher tomorrow, than I believe that this is just profit taking and we should start to move back up to new highs again, which will probably go higher than most people think, just setting us up for the big CRASH by summer. So as lame as it might sound, I believe tomorrow will be the key to determining which way the market is headed in the near future... Bong

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