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

To: The Perfect Hedge who wrote (8346)	3/17/1999 7:24:00 AM
From: donald sew	Respond to of 99985

Beeble, Its a bullish interpretation, thats all. Keep in mind that markets dont go straight up. New highs always attracks bullishness, which is correct; however there are other factors. As I always says that going by one indicator is not the best way to predict a market, keep in mind that the charts, although bullish is only one aspect. One also needs to tie in the market internals, statistical facts like what has happened after "THOUSAND MARKS" have been reached, cycles, etc. To put it into perspective, the chart last JULY also had a strong runup to 9300 and we all know what happened after that. So some also had that same bullish tone of setting new highs when the 9300 peak was reached, and they were right. The DOW is now 700 points higher, but came about with a nasty correction, first. Im not saying that the DOW cant go alot higher in the future, although Im not betting on it, since I believe the main top will arrive in the 4th quarter/1st quarter 2000, just that there should be a correction soon, most likely in April. Seeya