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


To: donald sew who wrote (2280)12/18/1998 2:36:00 PM
From: StockOperator  Read Replies (2) | Respond to of 99985
 
Donald,

It is still early in the day but with the NASDAQ hitting record highs today, CSCO and YHOO plus many other big cap tech. co's breaking out of bullish consolidation patterns, broad market participation by all the averages with momentum building,, its pretty gutsy of you to go against the trend. Look at all the negative news that this market has digested in the past couple of months and yet it continues to drive higher.

I will definitely be watching the market very carefully here for the early signs of a trend change, but right now I just don't see it. Good luck trading.

StockOperator



To: donald sew who wrote (2280)12/18/1998 2:46:00 PM
From: SE  Respond to of 99985
 
Donald,

Thank you for your analysis and I happen to agree with you. Looks like this baby is about due for a breather.

-Scott