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

To: donald sew who wrote (18794)6/29/1999 3:48:00 PM
From: yu  Read Replies (1) | Respond to of 99985
 
Don,

Like a lot of people, I am sitting on the sideline and
hope to jump on the strong ride starting tomorrow.

>> I do believe that once the next downswing is over it will be a strong move up(new highs) for only selective sectors, not the whole market. <<

Which sectors will benifit most in your opinion?
Which sector will be the safest bet?
Judging from the action of internet stocks in the last 2 days,
it seems they have break the down trend and will go up much more.
What do you think?

yu



To: donald sew who wrote (18794)6/29/1999 3:51:00 PM
From: pater tenebrarum  Read Replies (4) | Respond to of 99985
 
Don, i closed out most of my long positions near today's highs; i don't trust this rally one bit. there is way too much optimism associated with it. option traders are buying calls hand over fist...guess who sells them the calls.

regards,

hb


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