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To: don roberson who wrote (2104)6/4/1998 12:27:00 PM
From: TechnoWiz  Read Replies (1) | Respond to of 2897
 
Good Day Don and everyone,

Just thought you might like to know that I really like the unfolding technical picture a great deal right here. Additionally, imho, the overall market could be nearing the end of its correction.

Interesting signs of turnarounds in the making in many stocks and indices. Maybe tomorrow, later today or early next week, we could get one more new low, or a retest of the lows in the overall market and I would be looking to buy into that.

The Nasdaq is outperforming quite strongly today, so I am not altogether sure that we will see that final selloff, if this rally continues to gather strength.

I just have this gut feeling that the market direction lever has been yanked from bearish back to bullish over that last 18 hours or so. We still might get some shunting back and forth, but the bias appears positive for now. Seems we're back to the old buy dip mode.

Rgds

Wiz