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

To: American Spirit who wrote (34368)	11/29/1999 7:38:00 AM
From: theRedDog	Read Replies (1) \| Respond to of 99985

To all: this is the latest from briefing.com: >>>>>>>>>>>>> General Commentary: Well, if the correction we've been calling for is going to come before year-end, it should commence this week... Overextended technicals, extremely bullish sentiment (contrary indicator) and rising rates converging to create a catalyst for the sell-off... Briefing.com maintains that any tech retreat will be corrective in nature, as sector well positioned to extend advance in late-December, early-January... However, daytraders and long-term investors looking to lock-in profits for year-end should take note that near-term risk/reward ratio favors the downside... Typical pullback would last no more than two weeks and take the Nasdaq down between 10% and 15%. <<<<<<<<<<<<<