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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: pater tenebrarum who wrote (17833)	6/18/1999 6:58:00 PM
From: bobby beara	Read Replies (2) of 99985

Heinz, we had a minor change reading of the McCllellan Oscillator, a plus 4, this usually indicates a major move with the next 1-4 trading sessions. Since the sentiment has reversed and there is a nice looking, though small complex bottom on the oscillator and the change was positive, i believe we will see a major move back to spx new highs, possibly by next week, I think you will see a lot of the stocks that have held up well during this correction marked up for window dressing. XCI has broken out of what looks like a complex slanted inverted H&S pattern from the Jan tops, SOXX has returned to it's former glory as tech and market leader. The 9 month cycle has not always been this regular as it has during the run from 1995 and the major spill in october may have gummed it up. I hope you got all your pre-window shopping done ahead of time over the last few days -g- For wave counts, i believe the the Dow completed 3, from the october low on 5/13 and we are now in 5 (Dow 52K next stop -gggggg_) beara now bulla

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