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

To: Les H who wrote (12836)	5/4/1999 3:56:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 99985

Les in reality the NAZ recently corrected 12% from its first top at around 2630...sold off down to 2329, a full correction in my book.. the DOW has just runnup to all time new highs Les, selloffs are very common at any milestone level, especially after flying up 1000 points in 24 days..amazing run... we could always use a breather at any time..so it;s just a normal reaction to this incredible BULL Market... now BEAR Market???? not now Les...there is nothing out there to create a bear market..nothing.. only the FED can stop this freight train...and they will not move to raise rates for this entire year...the markets are doing it for them.. i'll be able to look at the charts tonight and give some numbers for the indexs...