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

To: Lee Lichterman III who wrote (19449)	7/5/1999 11:35:00 PM
From: Berney	Read Replies (1) \| Respond to of 99985

Lee, I generally leave the market direction to the pro's on this thread -- and they are good! I can just say that I went to about 94% cash at the close Friday. I simply follow OEX and the weekly trend lines do not reflect much room to the upside. While I do expect an OEX top at about 730 the third week of July, a test of the 695 breakout may come first. That would simply represent a normal retracement of the recent run. Commissions are simply too cheap to stay in the market when one has concerns. As with propeller beanie, the euphoria was just too close to that which I remember after the first week of January, after a similar market run. It takes me about 20 minutes to fully implement an investment strategy, so I doubt I can create much damage by being in cash. JMHO, very humble on this thread. Berney