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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.310.0%4:00 PM EST

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To: Vitas who wrote (12781)5/4/1999 12:14:00 PM
From: bearshark   of 99985
 
Vitas:

As you know, much of what I do is based on the thoughts of Edson Gould. The 20 days are actually 20 trading days. That is the time I believe that it will take for the energy stored in the market to dissipate. That estimate is based on market information but I must have some secrets. There may be a new high after that but it should not be significantly higher.

Keep your eye on the DOT. It is weaker than I expected it would be today. But today is still young.

By the way, I had brisk sales in bullveralls yesterday.
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