MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 695.56

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To: Robert Rose who wrote (11718)	4/21/1999 9:31:00 PM
From: donald sew	Read Replies (1) of 99985

Robert, I do believe it is part of a topping off process at least for the intermediate term. As for the long term I think we are not yet at the pinnacle. Watch out for MAY and JUNE. Will be have a crash or the BK - heck if I know, but the probability is that we should have some sort of a correction. What is so scarey about it is that many will try to play it right to the very end, but lets not forget the possibility of a crash that could happen so fast that by the time one makes the decision to sell and by the time the order gets executed the market could be down several hundred points. Just look at the NAZ last week. A huge selloff normally arrives when everything looks so great, so few will really get out timely.

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