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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 691.88-0.3%Jan 30 4:00 PM EST
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To: Challo Jeregy who wrote (7119)2/27/1999 11:49:00 AM
From: bobby beara  Read Replies (1) of 99985
 
CJ, the consensus opinion at Thanksgiving was Dow 10,000 by the end of the year and we had a nice correction into mid December.

In January the consensus opinion was that we would see Dow 11,400 and technology stocks were the place to be.

Now the consensus opinion is that we will see higher highs in April, especially of note many bearish analysts are subscribers.

DEFCON 3, the 200 point rally in the DOW this week sent the shorts running for cover.

bb
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