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

To: Stephen who wrote (16509)	6/9/1999 1:41:00 AM
From: Stephen	Read Replies (1) \| Respond to of 99985

Today was weak ... but a sell-off was due ... It looks like range trading to me .... I don't see any resolution for a number of weeks ... whatever happens with rates. After a 3:1 5 week period of distribution, the last 4 days have been flat/accumulation with rotation back into growth stocks. Carrying on a previous dialogue ... there was considerable institutional buying & selling in AOL today - I'd call it a draw ..sorry ... tie in American-speak. Interestingly ... though nothing outlandish ... there was some Inst buying of Yahoo & Amazon .... Time to retire ... but my thoughts are that this is a bog standard Don Sew sell-off .... but I still don't see a break below 10,400 DJIA etc .... Stephen Stephen