MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: donald sew who wrote (15005)	5/26/1999 12:30:00 PM
From: bearshark	Read Replies (2) of 99985

Don: I wanted to buy the rally too. However, I think I may resist. In my book, today is a must rally day. So far the volume is trying to hold on. We need to survive the mid-day lull to get to a chance for an end-of-day rally. The DOT continues to be the dominant issue for this market. I cannot gauge how many margined "nouveau traders" have been trading the garbage-net stocks. Unfortunately, it looks like the "nouveau money managers" followed them into the garbage-net. Like a good part of the San Francisco waterfront, this market's foundation is garbage.

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