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

To: donald sew who wrote (26310)	9/19/1999 6:21:00 PM
From: Jerry Olson	Respond to of 99985

Hi DON... yep, sector rotation is the best kind of correction...if you're in the RIGHT sector's??? <VBG>... and even with my BAD eyes..i've been pounding the table on the SEMIS..they have NOT moved an inch..and won't either... trans.?? was a no brainer with higher OIL?? why would anyone play that sector...Fiancials, well some have held well..and i think this is a prudent time to enter THAT sector...if the bond rallies here... also DON..when looking at the P&F Bell curve of all the Dorsey Wright sectors...we are NOT overbought, and more oversold...the field is skewd to the left of 50%... i feel any correction IF there is one..will be very mild at best..very... the path of least resistance i feel is UP...way too many bears out there..as eveidence by the Bull/Bear/Correction stats...we're at very low levels of bullishness right here.. put/calls...same..OEX and equity only... there's major triangle forming on the SPOOS..Teresa has pointed this out...she's diabolic looking for an almost perfect 87 correlation...i think it's too pretty..too perfect... this has some ear marks of last year, as a true paralell i think it's comes down to one event to drive the markets out of the triangle...AG, FOMC Oct 5th at 2.15..PERIOD... we either tank..or explode...one way or the other...