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

To: Michael Watkins who wrote (40079)	2/13/2000 8:31:00 AM
From: awi	Read Replies (1) \| Respond to of 99985

Michael, thanks. Unfortunately I don't have 45 min. charts available of the index and the stocks. It is more difficult to judge the ADRs of course. Actually the ADRs have suffered somewhat more damage than the home stocks as the dollar has risen over the past few months which has depressed the ADR prices somewhat. In any case, many stocks are well off their highs in the mean time. If they don't rally back considerably (to their tops), we might just have seen the first leg in a bear market (or perhaps the beginning of a long sideways movement? - I mean would this have to be either a bear or a bull or could it be something in between: bull nor bear???). Regards, Anko.