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

To: James F. Hopkins who wrote (22121)	8/4/1999 7:46:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Jim, i agree, shorts taking profits and J6P possibly being set up for distribution and shorting by the specialists. i have seen clear signs of distribution on every rally so far. i wouldn't be comfortable being long this market, although there is of course always an outside chance for the bulls to turn this thing around IF sentiment continues to worsen without further declines. but this chance seems very remote right now, too many former leaders sailing through supports or making ominous reversals on high volume. regards, hb

To: James F. Hopkins who wrote (22121)	8/4/1999 8:43:00 PM
From: scotty	Read Replies (1) \| Respond to of 99985

James, I'm wondering if foreign investors are bailing. I don't know what percentage of U.S. equities are held by foreigners. Wish I knew who is selling. Obviously, someone is cashing in their chips.....USPIX up 23% from the bottom <g>...scotty