MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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Nov 19 4:00 PM EST

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To: Robert Graham who wrote (10433)	4/9/1999 3:05:00 PM
From: Compadre	Read Replies (1) of 99985

Robert Graham: <<<DJIA backdown to 9000.>>> I would say that it is possible, given that we had an incredible run the past 6 months. During the rally in November I say to myself that if we get to the new highs w/o a period of consolidation that this market might revisit 7400. So I think 10% of the top is just a drop of tear in a big bucket. I just disagree with the timing. I believe that the correction may come but we have at least a couple of weeks of this rally to go given the momentum of this run. Of course, I have been known to be wrong before. Regards, Jaime

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