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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (22166)	8/5/1999 4:34:00 AM
From: American Spirit	Read Replies (2) \| Respond to of 99985

I say we just had a major correction. I know it seems impossible these days but I feel we are due for some of recovery rally. I started buying today on low-low dips. I will continue. I cannot conceive of the market going down forever. I say this correction is somewhere between 80 and 100% done with. And that any inflation is well priced into the market. I buy top quality companies down 50% or more from their 52 week highs with no bad news. Nets ai largely avoid but did buy one today as a sort of hedge in case. MSGP at $26. What the hell. A couple weeks ago it was a flying takeover candidate. I'm hoping for at least a short term 2-4% bounce. Opinions?