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

To: donald sew who wrote (26329)	9/20/1999 9:20:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Don, you're right - everybody is expecting a strong move once the triangle resolves. so the contrarian position is really a continued trading range, which btw. would continue the market's mirroring of the late 80's Nikkei. the Nikkei spent the second half of '88 in a trading range as well and the blow-off stage began in '89 with a relentless rise until the end of that year. since the '90's S&P so far tracks the '80's Nikkei almost perfectly, it may well continue to do so. regards, hb