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

To: pater tenebrarum who wrote (11878)	4/23/1999 2:10:00 PM
From: StockOperator	Read Replies (3) \| Respond to of 99985

heinz, with the DOW just moving into positive territory my work tells me that during the next two hours we could very well see the DOW break into record territory. With stocks like AT&T and MRK making up all of their losses earlier in the day. Speculating (which is only what this is) on our next bear market. My own gut feeling, because I spend all my time with the charts, with be that it will be extremely ugly and brutal with huge amounts of capital changing hands, equity positions gaining and losing vast amounts of money literally overnight. But believe it or not I do not think it will be long in duration at all. Not like many of the perma-bears that are calling for a long drawn out process. Of course when it is over it will be a huge buying opportunity. Because I do believe we will eventually go higher longer term. Time will tell. SO