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

To: Benkea who wrote (29477)	10/13/1999 7:47:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

Benkea, i noticed...the inter-market strains which i have incessantly warned about are increasing on all fronts. and yet, the Nasdaq is barely off it's all time high. i try not to be too alarmist, but at the current level of interest rates stocks are still way overvalued. the euro/dollar rate is what's most disturbing otherwise right now. should European institutions begin to cash out, stocks will be under intense pressure. still, there are some indications that we may be ST oversold, or rather will be soon. this is what makes it so tough to figure out whether a BK is at hand, as it almost always starts from oversold levels. regards, hb