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To: Sam Miller who wrote (55101)11/19/1999 9:41:00 PM
From: Gary Burton  Read Replies (1) | Respond to of 95453
 
Sam--to be perfectly honest with you, I don't know what the count now is on MDR. Often, straight hard down moves are partially retraced and then another low hits, setting up a positive divergence in oscillators--But there are a number of exceptions to this rough and ready rule of thumb--and my sense is that MDR does not really want to revisit sub 8 from here and instead wants to get into say 11.50-12.50ish area before pausing to reflect. just my sense of the tape. So I'm still holding, having doubled up at 8.88 on the Friday massacre. we shall see. likely no news till late Jan earliest re asbestos etc.