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


To: HairBall who wrote (25662)9/13/1999 10:11:00 PM
From: donald sew  Read Replies (1) | Respond to of 99985
 
LG,

I am not normally strong with my comments but the way the NEW LOWS increased so much and so quickly, in light of the DOW being flat - lets just say it should not be ignored.

Again I am not calling for a BIG KAHUNA, just that if the CPI is worse than expected, the selloff could be significant. On the other hand, if the CPI comes in better than expected, I feel the upside could be limited. So, at this point I much more inclined to say that the downside risk is greater than the downside risk for the short/medium term(within 30 days).

seeya