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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 688.98+0.5%Jan 22 4:00 PM EST

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To: Saulamanca who wrote (7529)3/4/1999 8:23:00 PM
From: bobby beara  Read Replies (1) of 99985
 
Jim, I have found the once these patterns turn the other direction, it is time to turn your cap around and join the other team -g-

Other sectors are taking up the lead and will keep up the market.

BUT there are still some rough spots and nobody knows which way this thing will break. sentiment really never got that bearish 30% bears 50% bulls in this II survey. On June 15th, 1998 I seem to remember something near the reverse of that and the lowest reading on the SI bull bear survey on the chart, which set a foundation for a rally into the july top.

tomorrow will tell, a positive reaction to the eco numbers should seal a rally with the McOscillator going back above zero again, 2nd move above buy spike.

bwdik,
bb
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