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

To: American Spirit who wrote (46420)4/15/2000 12:54:00 AM
From: Stcgg  Read Replies (3) | Respond to of 99985
 
When Everyone Expects a Bounce..

The market doesn't? Gann 40wk cycle low on Friday, Apr 21 and a full moon on Tuesday, Apr 18.. Bounce should occur Monday, but the markets crash after global markets meltdown in response to today's US market action and because hedge funds and banks are broke and exit, then illiquid investors panic sell..

As the roaring Titanic sinks, everyone keeps asking "where's the bottom?" until they can't see the ship anymore and quit asking..

>><<



To: American Spirit who wrote (46420)4/15/2000 12:01:00 PM
From: LTK007  Respond to of 99985
 
<<Very oversold conditions>> in times like this,oversold conditions can become more and more oversold,not saying this will happen,but could--big money won't return in my opinion until they have SOLD enough to have enough cash warchest to play it up again,imo.


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