MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: Haim R. Branisteanu who wrote (6765)	2/20/1999 7:55:00 PM
From: donald sew	Read Replies (3) of 99985

Haim, Subjectively, I feel that many want the market to move lower before they start buying in earnest. I realise that money appears to be accumulating in the MONEY MARKET funds, but they are not ready yet to hit the market yet as hinted by this flat period of over 1 month. We have been going basicly nowhere for over a month, just trading in the 9100-9400 range. I suspect, subjectively, that buying interest will increase with a break of 9000 and the 200 DAY MOVING AVERAGE may be a target of many. Seeya

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