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

To: Shtirlitz who wrote (54243)	6/15/2000 3:16:00 PM
From: Stcgg	Read Replies (2) \| Respond to of 99985

Shtirlitz - What You Are Seeing is Tape Painting Today.. The fibonacci turn date is June 16-19th, just happens to coincide with Options expiration tomorrow.. All indices have pretty much completed their corrective up waves, I think now is a good time to select shorts and puts.. Financials were the last bastion of strength for the bulls.. >><<

To: Shtirlitz who wrote (54243)	6/15/2000 4:25:00 PM
From: Sweet Ol	Respond to of 99985

<<This market is totaly confused. They think that everything is positive and are trying to buy something. But they don't know what to buy.>> You must be reading my mind. Well actually, I don't think everything is positive, but I sure as heck don't know what to buy. So, mostly I am sitting on cash. <<This market has nothing positive to look forward to. Everything positive that could happen has already happened, and is priced into the market for years to come. But at the same time they don't want to sell. So we are stuck. Probably untill more downgrades and bad earnings will start hitting them on the head.>> I think you hit the nail on the head! Unless you have the time to be a day trader, there is not much to do except wait and see. Best to all. JH