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To: Brent Hogenson who wrote (53449)10/23/1999 3:38:00 PM
From: Gary Burton  Respond to of 95453
 
Brent--I too have been watching MDR closely. Based on the chart, I think that it will top out again in the low 20's and then head down one last time sub 18 to the end of the 5 wave sequence (ie I think it has only done 1-2-3 and is now in a 4, with 5 down to come). So, I'm still on the sidelines for now. We shall see



To: Brent Hogenson who wrote (53449)10/23/1999 3:52:00 PM
From: Gary Burton  Read Replies (4) | Respond to of 95453
 
Watch OSX 77-80 area for potential turn back down...The broken uptrend line connecting the April,May,June and July lows now comes in at approx 83 and the 50dma is at 80 and declining and my sense is that this rally may top out under 80 and then head down towards its destiny . We shall soon see if all this is voodoo or not. Maybe it is, in which case i will eat humble pie..... Geez the news sounds great doesn't it. And people who are selling hear and read the exact same news.Funny about that eh? (vbg)