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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

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To: yard_man who wrote (6768)	2/20/1999 10:22:00 PM
From: donald sew	Read Replies (1) of 99985

Tippet, >>>>> I find the foregone conclusion that that money will necessarily find its way into the market silly. <<<<< I believe what you are saying is that just to put money into the market since there is money on the sidelines is silly. Well I would not disagree with that and I strongly do not feel that is the best way to invest. If I mis-interpreted yr comment please correct me. When the market drops, sooner or later money must come in somewhere down the line or the market is heading to "ZERO". All I was saying in my previous note is that if the market breaks 9000 the next important support should be approximately the 200 day MA, and I believe that many may be targeting that area. Will the market then take off to higher highs, is another question, but feel some sort could be formed at that level. Hey, it could also be a big Kahuna and cut right thru that support, but sooner or later it will bounce off of a support. As we all know the market does not move in straight lines. seeya

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