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


To: Challo Jeregy who wrote (5528)2/5/1999 4:33:00 PM
From: Stephen  Read Replies (2) | Respond to of 99985
 
Challo - he's going with his cycles and having predicted a pullback to a low around 8th February (+/- 2days), expects a strong rally ahead. Intends to start initiating some longs next week. Some concern was expressed that if any of the major indexes close below the lows of today, even by 1 point, means that that index is headed lower. I can't remember if he mentioned breaking any support levels - sorry. Ron Insana kept it short cause a rally wasn't what he wanted to hear ... I mean cause he was short on time (GG). If I mis-stated anything or forgot something, somebody please put me straight !!.

Regards

Stephen