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

To: StockOperator who wrote (3072)	12/29/1998 7:43:00 PM
From: Stephen	Read Replies (2) \| Respond to of 99985

SO, I have believed that the market indices were going higher through year end because of window dressing by fund managers to disguise their relative poor performance. The bad breadth due, as I have also said, because of tax loss selling of small & mid-caps. The markets lack of fundamental strength was therefore understandable. However, once year-end has passed, with likely earnings warnings being announced and fund managers believeing they can probably buy the stocks back later at a cheaper price, I think there is a great chance of a sell-off/correction. JMHO Good luck all Stephen

To: StockOperator who wrote (3072)	12/29/1998 8:11:00 PM
From: Compadre	Read Replies (2) \| Respond to of 99985

Hello SO, I am with you. The RUT rallied from 300 to 400, then consolidated for 5 weeks or so to form a base, now has just emerged from the base. Since October 8, 1998 I have been in the mutual fund ( symbol : UOPIX) which has Beta of 2 times NASDAQ 100 index. I just stay in for the intermediate-term trend. Jaime

To: StockOperator who wrote (3072)	12/29/1998 8:46:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 99985

I agree with you. The internals are slowly improving and these markets are about to catch on fire. Right from the lows a few months back, this has been a spectacular and classic breakout, the equities can rally far more than one can immediately expect... P.S. If the markets crash in the morning, I didn't write this post. GZ

To: StockOperator who wrote (3072)	12/29/1998 9:55:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 99985

The trend was your friend in December of 1989 in Tokyo too, until a few months into the new year when the Nikkei lost about 50% of its value and it was no longer your friend unless you were short. (G)