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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

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To: HairBall who wrote (14519)	5/20/1999 8:59:00 PM
From: bearshark	Read Replies (1) of 99985

LG: I get a kick out of it. If we ever get a bear market--something I do not see yet--let's see who is posting after its first 12 months. I have been bullish since October 1998. I was bullish in December. I was expecting over 11000 then along with Doug R. I was bullish in early March. I was bearish in April for a day and a half. However, I have an internal top last week. Something may change but I expect to be in a put position in June--if not a bit earlier. Today is a good example of what we have had for about a month or so. The issues are trying to lead volume. The issues expand positively without the same confirmation from volume. That will end. Last May, it took a long time for the INDU to give up. Foreign money was buying the big names then. I just hope my timing is right and I do not have to give up too much of the front end move.

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