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

To: bobby beara who wrote (40930)	2/22/2000 12:03:00 AM
From: Secret_Agent_Man	Respond to of 99985

bb, I don't come here often but I like to read and post once in a while I had the notion that a short term bottom was forming from the october move the question I had was whether or not that level would hold typically the end of the first qtr we head into a bearish mode and volatility beckons til #'s from 2qtr roll aorund but, with the hype of a heated economy and rpoductivity... really, these type of knee jerk reactions globally since we trully have become global market place reminds me of dominoes...and I shutter to think that ol greenie wants to start the first wave...yes there is a lot of overvaluation and likewise undervaluation...perhaps we are headeded to a flight to "value"...naw... anyway sorry for the WOB cheers

To: bobby beara who wrote (40930)	2/22/2000 1:45:00 AM
From: IndexTrader	Respond to of 99985

We are now at the bottom of the Bollinger band on the SPX daily and at the upper Bollinger band of the VIX. I would not be surprised to see us fill the gap at 1320 cash and bounce hard from there. The bounce should take us to about 1370. After that bounce, there is no way that we do not again retest 1320. I sure wish I knew what would happen after that. I would be rich. The McClellan Oscillator will turn up tomorrow with negative breadth of about -520. Susan