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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: Robert Rose who wrote (14378)5/19/1999 4:01:00 PM
From: StockOperator  Read Replies (1) of 99985
 
Robert,

I believe one leg up because of the patterns established and the already parabolic rise seen on the charts. Plus the sentiment indicators that heinz refers to so well are telling me that we are much closer to a top than the bottom. What I am looking for is that last climatic move that will suck many on the sidelines into the market.

But I think you do make a good point. Which is the reason it pays to keep an open mind and go with what the charts are telling you.

Regards,

SO
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