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

To: Gersh Avery who wrote (6485)	2/17/1999 8:31:00 AM
From: donald sew	Read Replies (1) \| Respond to of 99985

Gersh, Thanks. As for the market I still feel there is a possibility of further WHIPSAW action, with the market selling off at the open and then a quick bounce either immediately or latest tomorrow. Per yesterdays close, the NAZ has already pulled back 8.6% and my short-term technicals are in the oversold range. I think most believe that the movements do not move in straight lines, so I just feel there should be some sort of bounce or basing pattern before the next strong decline in light of the NAZ already getting close to a 10% correction by todays open. Seeya