MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 665.67

-0.9%

Nov 17 4:00 PM EST

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To: stockycd who wrote (12869)	5/4/1999 11:19:00 PM
From: donald sew	Read Replies (1) of 99985

Chris, I still have mixed signals as to the strength of this pullback, and I dont think a bear market will start from here, not yet. The buy the dip mentality will not be easy to break which is the same reason for the BUBBLE. I think that after this weak period which could last till JUNE, there could be a huge rally which could make significant new highs. I remember when I first started trading in 1996, when the penny stocks were running hot, then a nice correction. I suspect that before we see a bear market we will get another penny stock/micro/small cap mania. Although many feel that there is so much froth in the internets, I think the froth of a penny stock mania would be the key to the end of this bull market. Is there a penny stock thread here on SI - maybe we could use that as a judge of penny stock froth. seeya

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