MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Daniel Joo who wrote (14913)	5/25/1999 7:35:00 PM
From: donald sew	Read Replies (1) of 99985

Daniel, Yeah, I only heard the end of it on CNBC which stated that a few billion left the market in just the last 2 sessions. Didnt hear the whole thing. This is only a correction, at least so far, and it will be a buying opportunity for trading positions. The key is when it does rebound does the rebound produce a higher high or lower high. Im getting ready to go long tomorrow on a very short-term trade of 1-2 days since the selling is not over yet. Get ready for a rally at the end of JUNE/early JULY. The buy on the dip mentality is far from over. I just think the dipsters/market needs the dip to get larger before they get back in. seeya

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