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

To: Matthew L. Jones who wrote (26567)	9/21/1999 4:50:00 PM
From: Rick Hay	Read Replies (2) \| Respond to of 99985

Mat: I agree with you. Tomorrow we gap up in the morning based on the short coverings going on at the end of the day. Too many bargan hunters out there right now for a steal of a deal especially since the SPX closed up tick. However, once the bargan hunters are full in the MORNING watch out below. We'll be back to testing those support levels again. I highly recommend selling into the morning rally. Tomorrow is AG's Biege book day at 2:00 pm EST and I'm sure they are going to use that to their advantage to pull back the market a little more. On Wed. the Feds get their kick to make it look better when the employment reports come out. Hence one more bad day and then go long and hard for Wed. It's an election year. Can't have a bad market can we?<g> Rick