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

To: Elroy Jetson who wrote (1532)	12/12/1998 7:26:00 PM
From: donald sew	Respond to of 99985

Elroy, >>>>> When the decline finally started to hit these stocks July ~16 it was pretty clear it was time to move to cash. A repeat of this could carry these high-growth Tech favorites until a general market decline in March. <<<<<<<< When the market declined in JULY the 3 major indexes(DOW,SPX,NAZ) turned down at the same time. Only the DOW right now has pulled back significantly, with the SPX just starting to show some sign of topping with its recent DOUBLE TOP. The NAZ has not really had firm confirmation of topping yet, although there are some hints of weakening. I dont think the market can move much higher, but am leaning towards a trading range trend for the next few months/1st quarter, which is similar to your time frame. seeya