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

To: pater tenebrarum who wrote (13557)	5/11/1999 2:36:00 PM
From: StockOperator	Read Replies (1) \| Respond to of 99985

heinz, the potential for huge profits bekons. This is my thinking as well. Many of the charts that I have been following have been in consolidating patterns for months which implies that a break to the upside from their current levels would indeed send prices much higher. By the way this includes many of the nutz and bandwidth stocks plus the entire tech sector. Stocks that have already offered unbelievable returns to date. That is why last week (in my premature call) said that I believed that we're about to see a huge explosive move. Many of these consoldiating patterns are close to resolving themselves. But of course we have this current interest rate environment to deal with. That is why I think it is a distinct possibility to see a break down in prices - a sudden jolt, shaking all the loose fruit off the tree before the market realizes that inflation is a non issue (at this point). Then of course I believe we would see a dramatic turnaround in prices sending us into uncharted waters. I know at this point it is all conjecture. But I do believe it is going to be very hard to sustain any kind of rally until the market sees the direction the Fed is going to take. In regards to Jerry Favors he is a sharp guy but I often think he has too much info in his head - much of which conflicts with one another. Regards, SO