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

To: Tai Jin who wrote (19036)	7/1/1999 10:05:00 AM
From: donald sew	Respond to of 99985

Tai, >>>> I agree that we could see new highs before any further corrections. But I suspect that any such correction would be greater than we have seen before. <<<< That is a possibility if the market internals do not continue to improve. I mentioned it before - from a macro view, it could be argued that the market has been in a big corrective phase since APRIL of 1998 when the market internals started declining. That would also imply that the big pullback could even take the market below last years lows around 7400. Im not totally convinced that such would happen, just expressing a possibility. seeya