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

To: Maxer who wrote (3245)	1/4/1999 12:20:00 AM
From: donald sew	Respond to of 99985

Maxer, Per my earlier note, I have mentioned those positives, and they should not be discounted, but at the same time, there are plenty of negatives which also should not be discounted. I just dont see huge moves in either direction, so for now Im sticking to up and down 10%, which should be a good year for traders not long term holders. I dont see a broad market move for most of this year, but that doesnt mean the DOW could not hit 10000+, if it does it will do it with a limited number of stocks. On the other hand I think the downside is also limited. As I have mentioned in my earlier post, I would not make a strong decision based on last weeks actions - I think things were skewed being year end on both the up side and downside. You mentioned the RUT being up strong, which is a positive, but at the same time the DOW was down 90 points, which is a negative. One day actions could be a hint of whats to come, but I would still be cautious. seeya