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

To: William H Huebl who wrote (210)	12/3/1998 7:20:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Hi Bill, >>>>>>>> I see no major sell-off at this point! If one is to come, it will be after the right shoulder is formed in the middle of Dec this year. <<<<<<<<<< I agree, since I got a CLASS 1 BUY SIGNAL on the DOW with the buy-in point at tomorrows lows. Also agree that the next downswing to occur in mid-DEC, after the markets moves up some next week. Whether it turns into a major sell-off, I dont know. If there is going to be a big sell-off, I think it would have a higher probability of occuring in the spring based on seasonal factors and time patterns, such as the 9 month cycle. If one believes in the 9 month cycle low, it would arrive early JULY, so the selling could start 1-3 months prior to that time, which would put that in the APRIL-JUNE time period. Im leaning more towards a trading range with a slight downward slope to start soon. Seeya

To: William H Huebl who wrote (210)	12/3/1998 7:41:00 PM
From: Moominoid	Read Replies (2) \| Respond to of 99985

I see no major sell-off at this point! If one is to come, it will be after the right shoulder is formed in the middle of Dec this year. Exactly my thoughts or I'm even thinking longer to come down. Maybe even a few months. I'm still thinking Dow=6000 is what is justified by fundamentals and that eventually the market will return to fundamentals. ie expectations will eventually return to reality vis a vis 99 earnings and some of the "reflexivity phenomena" built into prices will gradually get blown out. David