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

To: bobby beara who wrote (53323)	6/7/2000 9:23:00 PM
From: pater tenebrarum	Respond to of 99985

Bobby, i was looking at the total sector funds vs. bear funds ratio. the one including money market funds is now at 0,23...also one good day away from the 0,19 all time low. i'm not saying it will reverse NOW...note i said that first of all this means upside is limited. furthermore in combination with the Wilshire 5K and OEX chart patterns it's a heads-up to be on the look-out for a reversal soon. that could be as early as tomorrow, or it might take another one or two weeks... tomorrow the ECB raises rates, on Friday Japan GDP comes out. if that is strong, expect a rate hike in Japan as early as next week. i mention these as possible catalysts for a reversal. regards, hb