MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Jan 2 4:00 PM EST

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To: HairBall who wrote (28239)	10/3/1999 9:32:00 AM
From: Benkea	of 99985

LG: "The launch of the major equity indexes in Oct 98 illustrated by my OMC Index (I believe was the beginning of a blow off move) lead to a Dec 98 break above the OMC's multi-decade rising trading channel" This has been my opinion for a while. Just like we have been in a 17 to 18 month bear market that no one has noticed (or at least acted on), we have HAD the blow-off already. Not only from the Oct 98 bottom, but the bigger blow-off from 1995 to present. 1995 was when the volume began to soar which must be present in a blow-off. In other words, I think the first "wave" if you will of the blow-off began in 1995, and the Oct 98 to July move was the last wave. We'll see.

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