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

To: Benkea who wrote (24047)	8/28/1999 8:45:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Benkea, Thanks for that "MEAT GRINDER MARKET" article. Until THUR, I was slightly more bullish in that I felt a few sectors would continue to set new highs like the DOW/SOX/XCI, but when the response to my CLASS 1 SELL SIGNAL was so timely and strong I then got the hint that the short-term bullishness in the market may be weakening more than I had originally expected. I am more inclined to stick with a trading range senerio also for SEPT, than a crash or significant new highs. In that article he mentions 2 KEY points for more bearishness: McClellan Osc below -50 and rates above 6.00%. In light of the financial disturbance in South America, which image is growing increasing more negative, there is the possibility that the rates may not get over 6.00% if we get another flight to safety senerio. I would also like to add that I am more concerned about the U.S.Dollar than I am interest rates at this time. I feel a break of 100 to the downside in the U.S.DOLLAR index would be a strong negative for the market. seeya

To: Benkea who wrote (24047)	8/28/1999 11:49:00 AM
From: Tx Buck	Read Replies (2) \| Respond to of 99985

MEAT GRINDER - good article Benkea Who is the author and is there a URL for the editorials?

To: Benkea who wrote (24047)	8/28/1999 11:52:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

>>>One bearish outcome that appears more likely is that the current rally will take the form of a contracting triangle "B" wave, with the market whipsawing in a trading range created by 8/10 low and the 8/25 high.<<< This is my vote. For enterainment purposes only (Haim don't call my charts stale -g-): bway.net