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

To: Jon K. who wrote (5784)	2/8/1999 9:55:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Jon, In my previous message, I did also mention other analysts too, and I cant remember who else came out today, which was actually even more bearish than Acamporas. I believe MERRIL, already mentioned a retracement below 8000. Frankly, my analysis is relatively short-term and limits it so it cant go that far. I dont think there are than many looking for the fast huge drop as we got last year, I dont. I do see the possibility of a longer drawn out process of lower lows and lower highs. I think an important key is how strong the ensuing rebound will be. If it produces a lower high, that would imply continued negativity but it doesnt mean we will get the big kahuana. seeya