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

To: HairBall who wrote (7821)	3/9/1999 9:43:00 AM
From: StockOperator	Respond to of 99985

LG, P&G and a few others were also downgraded. P&G was one that I was watching here because it was close to pushing into record highs. The dollar has been acting strange the last two days. The article you pointed out regarding the Yen and Japanese rates may be the reason. Besides over the past couple of months it has been mentioned that the multi-year pattern on gold prices is pointing to some sort of a breakout here. Like I said very dicey. I would be very cautious here. My experience has taught me that breakouts from consolidating periods can be the most dangerous time to be in the market. I will be watching the internals here for any signs. Unfortunately I don't have enough data yet. This is one of those times when we're going to need the collective efforts of the thread, to keep from getting whipsawed. Or worse killed. SO