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

To: pater tenebrarum who wrote (18804)	6/29/1999 4:00:00 PM
From: Benkea	Respond to of 99985

biz.yahoo.com

To: pater tenebrarum who wrote (18804)	6/29/1999 4:12:00 PM
From: donald sew	Respond to of 99985

Heinz, I just got weak CLASS 2 SELL signals on the DOW,SPX,NAZ. This is getting interesting. seeya

To: pater tenebrarum who wrote (18804)	6/29/1999 4:39:00 PM
From: Stephen	Read Replies (1) \| Respond to of 99985

hb, I closed my trading longs also. I was expecting a rally on the news ... but we've had the run-up prior to the news .... so as CNBC have been saying, there may well be a sell on the news - especially as I expect the tightening bias to remain in place. Qtr-end window dressing is a positive, but the Nasdaq is getting too close to its previous high which should prove significant resistance and with the concurrent overbought situation, I would expect a good sell-off. I would not rule out sector rotation out of tech into ....what ?? ... anyone want to put forward suggestions ??. Regards Stephen