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

To: Gersh Avery who wrote (10136)	4/7/1999 1:19:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

Gersh, >>>> New indicator is at it's low for the day right now. <<<< OK, no problem here. By the way could you tell me what that means. gggggggggggggggggggggg seeya

To: Gersh Avery who wrote (10136)	4/7/1999 1:25:00 PM
From: Stephen	Read Replies (1) \| Respond to of 99985

Gersh, my intradays are also deteriorating ... but have held up well so far. My expectation is that the current strength is for trading purposes only & that positions will be closed before end of day just in case CPQ or HWP warn. Still don't see the big guys selling from what I monitor ... unless they are doing it very sloooooowly into any strength. I usually like to watch individual issues but haven't been able to today. I haven't understood the continual comments from CNBC that the lack of warnings from big tech names has let the buyers plow-in (technical term). My understanding is that the ones under scrutiny were all dependant upon heavy back-end business ... so its more likely they would announce closer to the earnings than during the beginning of the window. Regards Stephen