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

To: James F. Hopkins who wrote (3503)	1/8/1999 2:23:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

James, Hope you are OK, and hope its nothing serious. It is wise for you to take profits if you cant watch it especially now. Dont get me wrong, the momentum is strong on weak technicals, but the market can still move up a little bit more. This is probably a good time to hedge a little since the reward to risk level is reducing. Of course those who feel we are going up alot more will feel different. My feeling is that if the next pullback is small, say only 200-300 points then the market is going higher, but if the pullback is in the 5%+ range as it was in DEC then a mid-term top could be in effect with maybe a retest thereafter. Good luck with you hospitalization - hope its nothing serious. Seeya