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


To: Alex MG who wrote (77971)6/5/2001 9:48:21 AM
From: HairBall  Read Replies (2) | Respond to of 99985
 
Alex MG: IMO the equities market has been in a bull market since the lows of 1974. Until the support line from those lows is broken, this is just a correction in a long-term bull market.

One should notice while the NAZ Comp has gone through a major correction, the NYSE Comp has not. The NYA (NYSE Comp) for the most part has been trading sideways since Jan 99 with a slight upward bias. It remains to be seen which direction this multi year consolidation will break.

I am anticipating new highs...

Regards,
LG