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


To: Compadre who wrote (12803)5/4/1999 11:02:00 AM
From: StockOperator  Read Replies (3) | Respond to of 99985
 
Jaime,

Thanks, I am watching rates carefully. According to my charts rates appear to be going HIGHER very soon. Which I think will cause problems for the markets overall. BUT I also believe the market is going to head higher in the short term. Rising market + Rising rates are two convergences that should cause the much need pause (correction, set-back etc.,,,). But yet my personal challenge as a technician is to stay in the game as long as possible. The pending rise in the avgs. could indeed be very fast and I wouldn't want to miss it.

Of course this is just speculation. And because I could be wrong I will take my cues from the day to day action. Right now I am still behind the curve, and need to catch-up. But I hope to post more after a good hard look.

Thanks

SO