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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Stephen who wrote (11485)	4/19/1999 7:28:00 PM
From: American Spirit	Read Replies (3) of 99985

Question for you MDA gurus: Considering the fact that the last two NAZ crashes were followed quickly by more than 50% retracements then followed again by higher highers (took about 4-6 weeks to fully recover) wouldn't you say tomorrow (or this afternoon) was a selling climax, oversold buying opportunity? Not that I have any cash left but I'd just like to know your opinions. - All this talk about broken trendlines and so forth ignores the fact that in many cases these tech stocks are looking like terrific bargains. If AOL drops below 100 I'll eat my words but at 118 this afternoon I think I got a pretty good deal. Opinions anyone? Also, can we keep an eye on the NAZ futures for tomorrow?

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