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

To: Les H who wrote (27176)	9/25/1999 12:48:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

Les, Although I have turned more bearish, it is just hard for me to subscribe to predictions of a CRASH or HUGE RUNUPs. As I have mentioned previously, it is my belief that predicting the HUGE move has only a about a 50/50 chance. One is either right or wrong. Actually I still believe that the best probability of calling HUGE MOVEs is at best 62%. Im not saying that there cant be a crash, just that I prefer to analize short-term situations and go from there. For the SHORT/MEDIUM TERM, the market is now in a downtrend. Until I see some technical hints ie: higher highs, higher lows, upside resistance being broken, etc. I will just continue to call this market as downtrending. seeya