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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 660.08

-0.8%

Nov 18 4:00 PM EST

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To: Lee Lichterman III who wrote (5564)	2/7/1999 7:37:00 AM
From: yard_man	Read Replies (1) of 99985

>>Even though I play short term, I like to buy something that if I get stuck with it, I know theri long term outlook is good<< This is exactly the reason I have purchased oil service stocks and will add more on a market melt. The OSX could drop another 10 - 20% in a market melt, but I seriously doubt there is much more downside than that; over 1 1/2 - 2 1/2 year time frame the potential is very good. I'm not that good at the short term so buying longer term value helps me.

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