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

To: Compadre who wrote (12396)	4/29/1999 12:34:00 PM
From: StockOperator	Respond to of 99985

Jaime, You may be right. But I am not officially ready to pound that last nail in the coffin. I think the obvious way to play it here is defensively, as I pointed out yesterday. But I still feel it's a little early to say the top is in. Look at the divergences that are out there. Positive DOW and trannies - utilities breaking out in a big way. Let me just say that I am watching the intermediate and longer term trends very carefully. If I see a continuation of the damage I will be the first one to sing out. Prosperous trading. SO