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

To: pater tenebrarum who wrote (13874)	5/14/1999 12:00:00 PM
From: Les H	Read Replies (1) \| Respond to of 99985

It'll be interesting how the market performs after 3 pm when the bond market closes.

To: pater tenebrarum who wrote (13874)	5/14/1999 12:18:00 PM
From: StockOperator	Respond to of 99985

heinz, I don't know if you remember some of my posts from this week. However, I have been saying that I thought we might see a violent shakeout in the markets regarding inflation. And that once the markets had a chance to work on those sentiment indicators that there was a distinct possibility that we could see an explosive move up. I have been saying that because of the huge short positions in many of the tech generals and because so many of these stocks have consolidating patterns developed the past couple of months. I am still leaning in that direction. However, what happens on Tuesday will dictate how violent this shakeout could be. Let me also say that at this stage it doesn't pay, imo, to try and be preemptive here. The chart action should once again lead the way. We can only hope that we will see it as it happens. Good luck trading. SO