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

To: James Strauss who wrote (11431)	4/19/1999 1:54:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Jim, I will just try to stick to what I have had good results with which is the mid-term, and we should be seeing a bounce in the NAZ to the upside in the next few days, with the bottom arriving as early as todays lows thru tomorrows lows. My mid-term is still calling for the intermediate top by early MAY, but those longer term calls are not as accurate as my short-term calls are. I still believe there will be a correction in that time frame of 5-10% and possibly more, but should be a buying opportunity in light of the improving market internals. The NAZ has already sold off 8.7% from last weeks highs. Please keep in mind that Im calling for a topping process, not with everything topping out at the same time. As for the NAZ if we break that trendline significantly which is now around 2400 that implies further downside in the future, but who knows for sure. seeya

To: James Strauss who wrote (11431)	4/20/1999 12:27:00 AM
From: Robert Rose	Read Replies (1) \| Respond to of 99985

James, you certainly do sound bullish, even to a bull who saw his winnings increase 20 times in 15 months. needless to say, i have seen my portfolio decrease in value 40% in the last week. at any rate, that is still far greater than it was a year ago. so give me 20 fold and then take back 40%. i can handle that. Have the fundamentals on the inuts changed in the last week? no! has anything changed in the economy the last week? no! is this just about stock market volatility and even big boys manipulation? yes. i remain a firm believer in the life style and economic revolution the rise in these internet stocks demonstrate. i am holding them, even on margin, because i cannot again afford to take my profits and face the sort of alternative minimum tax i faced in 1999. FWIW. Regards