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

To: StockOperator who wrote (7871)	3/9/1999 8:47:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

SO: OT Don these are only my opinions. Only the market knows. Well stop giving your opinion and ask the Market so you can tell us what it said...<g> Regards, LG

To: StockOperator who wrote (7871)	3/9/1999 9:24:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

StockOperator, There is always an opposite view to everything, and it is always possible that it could turn out that way, and please dont take that as being sarcastic. The TRANs has a long way to set new highs, and if oil starts rising, lots of luck. I use to be in the transportation business, and they are now getting signs that fuel is rising. I realise that what we hear is just the crude prices, but they are starting to feel a bottoming in the bunker prices a while ago. Asia is improving and may have bottom so fuel consumption may be going up soon which may mean increased prices. Keep in mind that like the stock market, the crude futures may trade several months even a year ahead of itself. I just mention that since it may take that long or longer to get back to normal worldwide consumption levels. Remember, Im not saying that we wont see 10000 or even higher, I am just saying that we wont stay up there too long. For the longer term, my belief is still that within 5 years the SPX will be trading in the 15-20 P/E range. Sure we can still go up but that would just mean a bigger pullback in absolute points. I wouldnt even be surprised if the market hits 12000-15000 before the major TOP. Actually my position is that the main market top could arrive within 1 years time, say from this APRIL to APRIL 2000. And for the a nearer-term projection I see a strong pullback in APRIL-JUNE this year and if we recover from it, the real big one will not be far behind. Until I see the NEW HIGHs in the 200-400 range consistently, it will just mean that this bubble is getting bigger. But, I will still trade to long side staying nimble. seeya