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


To: Sun Tzu who wrote (6989)2/24/1999 4:20:00 PM
From: j g cordes  Respond to of 99985
 
Those are good points, bonds also don't have any resistance up to about 5.65 which may force some allocation models to give up stock for cash.



To: Sun Tzu who wrote (6989)2/24/1999 4:49:00 PM
From: RealMuLan  Respond to of 99985
 
<<If past two days were an oversold bounce, they faded quickly.>>

Looks like the rumor about the hedge fund short covering on Monday was true because that explains why the bounce faded out so quickly.