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

To: James Strauss who wrote (16208)	6/6/1999 2:55:00 PM
From: donald sew	Read Replies (1) \| Respond to of 99985

James, I am never sure of the market, especially concerning longer term trends. Im starting to hear an increase in BULLISH sentiment, where many are now calling this correction over. I will go into greater detail in my INDEX UPDATE, but here are 2 major reasons why I do not feel the correction is over: 1) no selling captipulation 2) market sentiment is at historical high levels and the PUT:CALL ratios are back to levels which many previous corrections have started at I could be wrong but the above 2 issues are very common to determine the end of a correction, which we havent seen yet. Food for thought. seeya