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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (17453)	6/15/1999 4:53:00 PM
From: bobby beara	Read Replies (2) of 99985

Bollinger blow-off?, i think we need more correction to resolve the bearish divergence in the a/d line and get people more on the bearish side, remember how much bearish sentiment existed at the june 15th bottom that led to the july blow-off. we got a head and shoulder top in the averages that points to jan lows, i think we have to mount a rally from there, not enough base here. This light volume rally on the right shoulder should be taken seriously. The SOX may just be making a blow-off ending move, thats what tech stocks did in 1987 out of a triangle. No confirmation from big dude intel. Public put a ton of money into growth stocks in April, big contrary indicator. Value stocks are jimmies tail, wagging the head. bb ps: i forgot to mention that was the mcClellan oscilltor was on the lehman bond index.

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