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

To: bobby beara who wrote (10072)	4/6/1999 11:05:00 PM
From: TA Trader	Respond to of 99985

If we get enough of a rally tomorrow, I'm also out. I still feel that we will have a test of these highs before the final top. Tops are very tough to call! We won't have to wait long to see it it will occur. Must start to rally by the end of next week from lows estb. over the next 5 -7 days. WHAT A COUNTRY!

To: bobby beara who wrote (10072)	4/6/1999 11:12:00 PM
From: theRedDog	Respond to of 99985

From tomorrow's briefing.com: >>>>>>> General Commentary: Lack of follow through buying was disappointing... In a strong market, earnings warnings such as the one made by Gillette (G) impact the stock. and maybe its sector, not the entire market; profit-taking in high-flyers usually persists for no more than a couple of hours before new buyers step to the plate; and breadth and volume indicators show steady improvement... What transpired yesterday was just the opposite... On the plus side, techs held up relatively well given magnitude of recent gains... But at some point, if sector is to really take off, tech stocks need to string together a number of solid winning sessions with participation fanning out to include second and third tier names... As such today's session could be key... If indices simply roll over and give back lion's share of recent gains, then sector will remain confined to range... Conversely, if sellers don't take control early on, look for buyers to dominate and finally make the recent sideways trading pattern a thing of the past... Briefing.com still placing its bets on the latter scenario. <<<<<<<<<