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

To: dennis michael patterson who wrote (38260)	1/27/2000 3:26:00 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

dmp: That's no revelation, that the market is manipulated both up and down. Why did the emailer say UP tomorrow? Regards, LG

To: dennis michael patterson who wrote (38260)	1/27/2000 3:33:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Dennis, it all sounds quite reasonable, with the exception that the merchandise is far from 'cheap'. if the market plunged by 50% to-morrow we would reach the valuation levels of the '29 top....(sorry. couldn't resist<ggg>) note that forced selling due to margin calls has maybe begun, but hardly run it's course. margin debt has exploded during November and December, and this little dip has probably not even dented most margined accounts. can we bounce to-morrow? sure, but if i were planning to buy, i'd sit back and watch a while for now. remember the NDX chart i posted yesterday? it shows the fibo retracement levels at which bounces are likely to occur. regards, hb