MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

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Nov 28 4:00 PM EST

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To: StockOperator who wrote (13149)	5/7/1999 1:05:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

SO, i have been a cautious bull during most of the market's recent advance. but based on developments in sentiment indicators i have become a lot more cautious lately. for the immediate future (1-3 weeks) i'm in the trading range camp. thereafter we could either see the much discussed blow-off to the upside (which would likely be followed by a true bear market) or some kind of a mini crash. but the market won't be docile, that much i am certain of. as we approach the may expiration (immediately after the FOMC meeting) tension will be building, followed by a violent resolution one way or the other. regards, hb

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