MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: bobby beara who wrote (15444)	5/31/1999 11:27:00 PM
From: Vitas	Read Replies (1) of 99985

bobby, there is a possibility of short term sideways action here, Maybe. This is not the place to go intermediate long. I think we are in an intermediate downtrend. The only question that I can see is are we, in a general sense, in the first or second traunch of a downleg. First one's are mild in nature and lead to more rallys. Second ones are deadly. From oscillators of various sorts I believe we are in the unkind part of things. Vitas

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