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

To: Giordano Bruno who wrote (8717)	3/22/1999 6:33:00 PM
From: Jerry Olson	Read Replies (3) \| Respond to of 99985

JJ hey i'd like to buy them at 70% off too...nice<g>... but, it would take a 2000 point selloff to do it??? in fact we would probably have to hit last Oct's lows at 7400... AOL was 70 then...down from 140ish...hey that's 50%???? everyone keeps looking at the A/D line??? how low can it go??? it's pretty low now??? No JJ, the P&F 2 short termers are still up..when they turn down, then we head for the hills...as you know the big boy NYSEBP is still neg...but a lot of the other indicators have "stopped" going lower, and actually have improved... i wouldn't give all the weight based on just that A/D line...it takes a lot more than that to sell these markets off... maybe after the end of this Q, window dressing...but since the Fundies have been trailing the S&P's for 2 solid years now, i have to think with all that sideline cash out there...we ain't gonna get killed yet...maybe, but i don't see it that way.. and until i do, i'm still playing long...