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

To: Jerry Olson who wrote (46676)	4/16/2000 3:37:00 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

Hey OJ, I think the probability of your scenario is greater than 50%, although as I've posted elsewhere today, there will probably be some good opportunities a few weeks out as well. If the market isn't going to tank much further. On the other hand if there is a 29 style snap back rally lasting several weeks, I'll be getting ready with my mega-shorts all over again :) Great markets for the nimble and open minded, aren't they! (believe it or not I traded long a few times on Friday LOL!) Best wishes, Michael

To: Jerry Olson who wrote (46676)	4/16/2000 4:36:00 PM
From: Jill	Read Replies (1) \| Respond to of 99985

Nice post Jerry. I do agree w/ your insights--but who knows about Monday. Half think it will sucker rally, half think it will gap down bad. Guess we'll find out soon enuf!

To: Jerry Olson who wrote (46676)	4/17/2000 2:25:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 99985

Jim, we'll all live to fight another day...even the bears and shorts get to play once in a great while<g>... Great post OJ!!! Investing and trading is cyclical... At the darkest hour of a correction or the Big Bad Bear, we have those remarkable turnarounds... New Lows start shrinking and the A/D line begins to improve... As sure as the sun rises and sets this downturn will end... Investing in the first team tech stocks is a good strategy for rapid appreciation when the sun shines again... And shine it will... : > Jim