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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Hank who wrote (34155)2/23/2000 2:35:00 AM
From: Doug R  Read Replies (3) | Respond to of 79230
 
Hank,

Over nearly the last year we've seen more of an uptrending consolidation process than anything else. It's not really a correction. It's more like a long accumulative base with a wide range now nearing the bottom of that range. The dynamics that put the market into this position are still in place and there's been a bit of "tweaking" applied by the Fed. Technology, productivity and demographics are the driving force and will remain so for the next 8 years. Relax and gradually shift back into the market over the next 3 to 5 months.

Doug R