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

To: pater tenebrarum who wrote (13155)	5/7/1999 1:32:00 PM
From: StockOperator	Respond to of 99985

heinz, Don I hope you guys don't mind me addressing both of your posts here it will save me some time. I agree with your assessment of things completely. The tension that is building is similar to a pressure cooker. Frankly, I would not be surprised to see anything. Including a violent shakeout perhaps even PRIOR to the meeting. But let me add that I do believe prices are going to see a meteroic rise to levels unseen. I base that off of the overall chart patterns for companies like AT&T, GM, DELL and the others which have been consolidating overall these past months and I do believe these patterns will ultimately resolve themselves to the upside. Let me also say that if and when these highs are set in place (perhaps June or July) I believe the market at that time will offer us a tremendous opportunity to play the short side of things. When you look at the charts for almost any of the internets alone even a 50% correction could be huge! Because I work mainly with the charts themselves I will be spending some time watching the day to day divergences in prices in the hope of making a timely call (a break before the meeting or breakout after???). Once again time will tell. Good luck trading. SO