MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

0.0%

Nov 14 4:00 PM EST

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To: Compadre who wrote (9599)	4/1/1999 6:28:00 PM
From: J. P.	Read Replies (1) of 99985

Out of the last 6 cycles the market has dropped through selloffs to the 200 dma. Only the one time you mentioned did the market go sideways until the 200 dma was hit. I personally believe there is a higher probability that we will selloff to the 200 dma, since that was the case 5 out of the last 6 nine month cycles. We have the fundamentals to support that belief also, the weak a/d line, multiples historically high, slowing earnings growth, entering traditionaly weak quarters, not to mention the little war we have brewing. Will be interesting and hopefully profitable to see how it plays out.

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