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

To: Les H who wrote (8477)	3/19/1999 9:07:00 AM
From: donald sew	Read Replies (2) \| Respond to of 99985

INDEX UPDATE ===================================== Just want to repeat that I will have CLASS 1 sells again for the overall market if the market closes near its intradays highs, with the BUY-IN at MONDAY's highs. How much of a pullback, Im more inclined to go with a ZIG-ZAGGING pattern, so the pullback not be mild as it was with my last CLASS 1 SELL signal. It is still tradeable if one picks the right stock. For now I would stay away from index options and the 5-10 DOW stocks which have momentum. I do not have statistics, but it is common that the week after expiration week is either down or flat. Right now it does appear that the DOW will close over 10,000 today, but SO WHAT. Until some of the thousands of other stocks start to participate, this rally will be on weak legs. No, Im not calling for a crash, at least not yet. I guess what give is as level-headed view of the market without getting sucked into the emotions of the market, and strongly suggest that we stay away from making extreme calls in either direction. seeya