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

To: Les H who wrote (40395)	2/16/2000 9:26:00 AM
From: coug	Read Replies (1) \| Respond to of 99985

Good morning Les and All.. I'm sticking with my market guess.. That more down lies ahead.. Yesterday was the 2nd day of a weak 4 day rally.. which might be cut in half. and be a 2 day rally.. Night before last, I suggested the down might start after yesterday's close. that might be right.. Yesterday's action mimicked Sept 3,99 or there abouts.. Then Sept 7-10 was. the top and it was basically down until the end of Sept. So In the absence of any very positive ECO news, I'm looking for choppy downward action for about 3 weeks.. Shaving off about 100 SPX points.. We try to rally then for a week or so and then test the bottom again. Yesterday was analogous to a small "slot drop" to keep the player pulling the handle.. In the next 6 weeks, IMO, the machine is rigged against you. I would take the drops, ie sell the rallys, and pocket them.. BWTHDIK.. I'm just guessing, but I'm glad I'm just standing around the casino floor, watching T n A.. no I mean, doing T n' A, Technical Analysis that is.. good luck all..coug