MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

+0.4%

Nov 19 4:00 PM EST

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To: HairBall who wrote (14609)	5/21/1999 1:47:00 PM
From: john rieck	Read Replies (1) of 99985

what's the best guess here on the nets? are they going to break down today or rally near the close? some have said we are at a critical point and today was critical. so far it's not looking good. some expect a rally or bounce off these supports again, especially with rates easing today. I greatly appreciate the insight offered on this thread. About all I can offer is a "gut feel." I dont see a catalyst for the nets until next earnings season. Splits, upgrades, etc are irrelevant now. and the summer doldrums are fast approaching.

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