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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Judy who wrote (14946)	12/11/1997 6:05:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 68209

Judy; RE:" The Market in the Next Few Weeks " >I believe that the market will rally in the next few weeks... Judy, you know (many of us) follow your postings carefully, as you are (one heluva trader, grrrl!) well respected here. I try not to break in and pester you - ( try to save my Judy chits for compelling questions ;-) The DJIA and SPX broke their UpTrends set mid-NOV on Tuesday, and the longer one set from the end-OCT panic today - NDX busted its UpTrend yesterday. There has yet to be some kind of "correction" upwards from these actions, which one would expect after busting 6-week UpTrends. As the market's UpTrend is no longer intact - please advise us as to the extent of the rally you are anticipating in the next few weeks. Do you think the rally will consist of essentially "defensive" NYSE bellwethers, as the current UpTrend from the OCT crash has ? Do you think any of the TechStock sector bellwethers, (MSFT INTC AMAT DELL QNTM CSCO) will participate in the rally ? We take your opinions seriously, and have great respect for your judgement, Judy. When the market(s) are tanking, and you see a rally over the next few weeks - that is important information for investors (like me) who do not have your sense for market changes. -Steve