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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: Haim R. Branisteanu who wrote (15693)6/2/1999 10:20:00 PM
From: bobby beara  Read Replies (1) of 99985
 
Haim, i am less convinced that the market is selling off on the bond news, i am more convinced that we have a liquidity problem and the market has climbed to wall of worry to the point that it has run out of enough buyers to push it higher, which means we must go to lower levels to create enough capital to create a demand line.

people need to get more bearish and start liquidating mutual funds, then we will see the bottom, the 9 month cycle is not dead after all.

bb
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