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

To: KM who wrote (36987)	1/7/2000 8:12:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 99985

I don't see how anyone who's followed this market long could have been surprised by a rally today. I think the market exists to hose everyone who thinks they can figure it out How many unemployment reports in a row has the market rallied on now? Got to be at least 8 or 9. <g> quote.yahoo.com^NYA&d=3mm A lovely trading range shows up on the NYSE chart; 620 to 650 since the beginning of Nov. We just made an expansion of the lower level to 612, then bounced into the upper half in three days. Incredible volatility! It looks like 612-620 area was another bear trap now. We should know next week if this bull has new life, or it's just gonna move sideways within a new larger range. It's critical that it gets above 650, IMO. Will 650 then be a bull trap? Is this a whipsaw, sideways, kiss your sister, trading range market now? Regards, TW