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

To: Les H who wrote (14946)	5/25/1999 11:24:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Les; Monty just sent me the DMAs , and they look bad across the board, I've been playing the QQQ mostly and it looks sick, I'm hoping for some sort of bounce as I'v already bet it but I'm feeling mighty stupid about now looking at that last data. The NDX could drop to 1720, I won't say it will but it has a 50/50 chance of going that low ( 86 on the QQQ ) .. If it goes below that the market is shot all to hell, & I mean a bear market for years, unemployment & the whole nine yards just like Japan did. I don't think that will happen yet but it can't be ruled out. Any way we could easily get another 14% to 15% down .. we are already 12% off the highs and I just dont think we can do more than 30% without killing the system. and I hope to hell we don't violate that, or even the bears may find they are trapped in a system that they will need a gun and a body guard to go pee. Jim