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


To: John Madarasz who wrote (45147)4/5/2000 5:40:00 PM
From: yu  Respond to of 99985
 

Message #45147 from John Madarasz at Apr 5 2000 5:15PM
>>Don't hold your breath...
>>
>>waiting for history to repeat itself word for word.
>>Richard Ney makes a good case also about markets being
>>propped on Fridays to maintain hope for the following
>>week.
>>
>>We shall see...
>>
>>Regards,
>>
>>JM

Checking the time table from contraryinvestor.com,
the big down day after the flat day was on Monday.
So my guess/hope is next Monday also.

And I think this time will not be that easy.
The diabolical scenario would be NDX do a fake out
to break 4160 resist to bring in the last dollar
from the retail investors, and then it can break down.

yu