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

To: donald sew who wrote (16562)	6/9/1999 12:20:00 PM
From: HairBall	Respond to of 99985

donald: If the SOX breaks to the upside and sets new highs then that could be a legitimate argument that this correction may not be that strong. Well, this correction has proven so far to be a rotational correction as expected. I really expected more of an overall decline. I believe there is some evidence this rotational correction has begun to reverse. We may be seeing some of that today. In addition, the bullish formations on several Indice charts are suggesting support of this view. However, we both know, that nothing is 100%...so I am maintaining a cautious posture until the trend lines are broken (not just penetrated) to the upside or to the downside... Regards, LG