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

To: Stephen who wrote (4756)	1/27/1999 5:19:00 PM
From: Margaret Mateer	Read Replies (1) \| Respond to of 99985

That's not what I've been hearing from my ML broker. NOT that ML is the oracle but they've been looking for the uptrend to continue short term (this being since earlier in Jan.) and it was just yesterday that McCabe briefed the troops that there was a serious correction and that it was "definitely" imminent within the next few weeks. Peggy

To: Stephen who wrote (4756)	1/27/1999 6:05:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Stephan, >>>>> ML have been negative on the market for a few weeks and didn't call the recent rebound. Their call has therefore not changed too much. <<<<<< The DOW hit its peak at 9650 13 trading days ago, so they have been quite accurate per what you stated that they have said it for a few weeks. I dont think that MERRIL tries to really time the market and the recent rebound really hasnt been that strong if one is talking about the DOW. I think that if the market contiues to show this type of weakness in the sense of ZIG-ZAGGING, even if it doesnt go down further Merrils comments could have some effect on the market, but thats all subjective. All I said was that if MERRIL is right or wrong, I just wont totally discount or underestimate comments coming from that firm. On the other hand, if the market heads straight down hard, I wont say it was caused by MERRIL either. I guess a better way to say it is that their comments and repeating of their comments adds some negativity to the image of the condition of the market. Seeya