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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: donald sew who wrote (7356)	3/2/1999 7:19:00 PM
From: Ramsey Su	Read Replies (2) of 99985

Donald, the problem with a sideways scenario is the flood of bad news hitting the market these days. Normally, earnings warnings season does not start until the latter part of this month. We are already getting stuff like COMS, which is a huge warning. If something like INTC warns, all hell breaks lose. Further more, Asia is in sad shape. No one even reported that S&P downgraded 5 China banks. The Brazilian Real is almost half its value of just a couple of months ago. I don't see how long this news can escape attention. I am out buying canned food in preparation for the meltdown ahead. Please do me a favor and give me a read on what is the next support, if the 9050 range does not hold. Thanks in advance. Ramsey

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