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

To: KM who wrote (32560)	11/6/1999 10:24:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

I wouldn't get too giddy over the MSFT thing though. That finding was widely anticipated. A slowdown in hardware in 4Q/1Q was widely anticipated also, but wasn't priced into ibm or hwp until they publicised it and admitted it would happen. Les, showed an obv chart of softie this week, people have been slithering out in anticipation of a news event sell-off. The market is way overbought and this is the kind of event that could create a turning point, and i believe it corresponds to my wave read of five waves up from the october lows. bb