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

To: Dwight E. Karlsen who wrote (28400)	10/5/1999 7:10:00 AM
From: Stephen M. DeMoss	Read Replies (2) \| Respond to of 99985

This thread has turned decidedly bullish! I guess its time to short the market. When I first began reading 3 weeks back, it seemed the thread was too bearish. Now it seems we have turned positive on the markets. Have the technicals changed so much? Most stocks I follow have moved to the middle range of their deflated prices, none have broken above recent low/highs. Are we close to breaking out or are we testing resistance and will head south. I still am skeptical of us breaking out. I was looking for a couple days of strong volume (selling) and we have not had it. Thus any bounce now (to me) is a 'bull trap', and we will still see a testing (if not breaking) of recent lows. Thoughts? Steve D.