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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: jjs_ynot who wrote (7884)	3/9/1999 9:43:00 PM
From: donald sew	Read Replies (1) of 99985

Dave, >>>>> The near term play (next several days) appears more heavily weighted to the downside with many overbought indicators (esp. the NASDAQ).<<<<< Yes. The reversal probably started today and since they were basicly on time per my short-term technicals, the pullback should be normal in size which is 300-500 points about. I think it will only drop to the 8500-8600 range this time though based on other issues. Seeya

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