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

To: Sun Tzu who wrote (7948)	3/10/1999 9:13:00 PM
From: donald sew	Respond to of 99985

INDEX UPDATE ================================= The downswing that started yesterday is still not negated, but barely. I am still expecting some more selling but I cannot say Im real confident of that, in light of more manic buying in the DOW, keeping in mind that todays upswing was basicly on the back of 5 stocks(XON,CHV,DD,MMM,JPM). Market internals are still weak, and interest rates still rising, but manic movements are hard to predict, so for those in PUTs take caution. Work with STOP-LOSS points. My short-term technicals are still in severe overbought region, so I will not go against my system, so if the market takes off right from here I will just sit on the sideline. good luck seeya

To: Sun Tzu who wrote (7948)	3/10/1999 10:15:00 PM
From: Copeland	Respond to of 99985

Yup! But I'd like to offer you a Japanese quote from the mid 1980's: The fools are dancing in the street, but the bigger fools are on the sidelines watching them. Can't disagree with you there. I've missed a few rallies, but I've also made good on a number of downturns as well. However, if I had done the opposite over the last 12 months, I probably would have made more money honestly -- especially if I had bought net or box stocks. Well, not all box stocks. LOL. I feel sorry for the average CPQ shareholder.