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

To: donald sew who wrote (19040)	7/1/1999 10:43:00 AM
From: Challo Jeregy	Read Replies (1) \| Respond to of 99985

Good morning Donald. After reading this morning's index update about yesterday's signicant move up, does the pullback that is expected within the next day or so still appear to be what you said in Wednesday's update? Well, what I just wrote doesn't read very well <g> but what I'm asking is - do you still expect this forthcoming pullback to retest the 10,450 area? thanks

To: donald sew who wrote (19040)	7/1/1999 12:28:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 99985

Don, I hope you've been well. I believe the bullish side is the place to be right now. My gut tells me that this next leg up could move at a rather brisk pace. A move that should cause much excitement besides pulling in huge amounts of money that is sitting on the sidelines. However, I also believe that this may also turn into a grand distribution of shares from smart money to the general public. A final game of musical chairs before a much more severe downdraft in prices. A likely scenario would be everyone rushing (attempting) to the door at the same time in anticipation of a Y2K meltdown. So the next couple of months may offer us a classic example of mass investor psychology at it's finest. The speed of the next leg up should speak volumes. Profitable trading. SO