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


To: Jorj X Mckie who wrote (3658)1/11/1999 3:10:00 PM
From: bobby beara  Read Replies (4) | Respond to of 99985
 
YES! We should have a big correction into Friday and possibly open Monday.

We should take out the previous low in the McCllelan Oscillator and when that turns up you can go long for a trade.

bb



To: Jorj X Mckie who wrote (3658)1/11/1999 3:12:00 PM
From: StockOperator  Read Replies (1) | Respond to of 99985
 
I wouldn't be short here. After a 460 pt. move into record highs on the DOW last week some give back is to be expected. Besides there are some pockets of strength today: NASDAQ +20 INTC +7 GM +6 (record highs)

Imo, Its too early to short.

SO