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

To: Temple Williams who wrote (75646)	4/22/2001 12:49:58 AM
From: Mike M	Read Replies (1) \| Respond to of 99985

Temple, thanks for a concise and informative response. You obviously put an awful lot of data, expertise and time into your work. I read this to say that in your "preferred" scenario the rally is pretty much completed. Any bounce will probably materialize from lower lows and not reach last week's high. But characterized by a virtual fall off the cliff until at least 1030 S&P... If the default scenario materializes we will recognize it by a meandering slide unable to rally but not falling sharply either for about 2 weeks. So, in either case, we aren't likely to see an extension of the rally next week beyond perhaps Monday. Would both scenarios allow for a rally extending into Wednesday?