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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: StockOperator who wrote (11555)4/20/1999 4:27:00 PM
From: pater tenebrarum  Read Replies (4) of 99985
 
There seems to be quite a bit of consensus that the tech rebound is not to be trusted. Ralph Bloch for instance said yesterday that the chance of a 'v-shaped' rebound in netstocks occurring was between zero and nil. on all the stock-specific threads, cries of 'it's over' can be 'heard'.on cnbc all sorts of interviewees proclaim uncertainty.
so maybe, just maybe, we should trust the recovery for now (and implicitly the message sent by the OEX p/c ratio).

hb
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