MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

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4:00 PM EST

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To: Giordano Bruno who wrote (8307)	3/16/1999 8:30:00 PM
From: Casaubon	Read Replies (1) of 99985

I evaluate mainly small stocks, with floats around 10 to 30 million shares. Unsurprisingly, and not coincidentally, a lot of them are backing up to prices not seen since early 1997. I would not be surprised if this market held out for a sizeable correction until the A/D line retraces to the level we were at back in april 1997.

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