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

To: James Strauss who wrote (40757)	2/19/2000 2:13:00 PM
From: Stephen M. DeMoss	Read Replies (3) \| Respond to of 99985

It was talk like this which preceeded the powerful up move last October. I agree that there are some concerns in the market. But if you stand back and look at the economy and the health there, it is silly to think everyone will be like you and be in cash. Also the institutions have tons of new cash from Ira's which need to find a home. I see some short term turbulence but by March 5-6 I see a new run by all indices to new highs. A serious correction is more likely during the seasonal decline period of May-Sept/Oct. The boards were very bearish like your comments last Oct. I missed allot of that run but got back on strong growth companies this year and have made strong returns. I am selling calls on all positions during this 'shaking out' period. I think you and others are making a mistake being in cash. Wish you well though. Steve D.