MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

Nov 26 4:00 PM EST

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To: HairBall who wrote (6090)	2/11/1999 12:43:00 PM
From: Stephen	Read Replies (2) of 99985

Ticks been okay but nothing special, along with the trin. I think the reverse of the last few days is true. Whereas the indicies were declining on lack of bids, the indicators tell me that today there is a lack of sellers. Course, this fits in nicely with the oversold situation that we are in ... hence the bounce. Shame I'm not participating in it !!!(GG). As per Don's analysis, I assume that the buyers will be satisfied relatively quickly unless something changes, and the downturn can continue. Thats my theory anyway (GG). Good luck all Stephen

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