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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (9917)	12/10/1998 2:00:00 AM
From: Suresh	Read Replies (1) of 44573

Hi Tom, IBD's market direction reading usually has been pretty good in catching good market moves. Their reading is suggesting a very defensive position with sell kicking in if there is sustained downward move with increased volume. There are lot of IBD followers among institutional and retail investors so .. it may come true. Personally I think we will have the biggest distribution day when the impeachment issue is decided. OJ got lucky... esp. with only first tier internet stocks in the list. Internet sector has been pretty good to both bulls and bears this year. Bulls had it easy but bears had to really time it well. Regards, Suresh

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