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Strategies & Market Trends : MDA - Market Direction Analysis

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To: pater tenebrarum who wrote (18613)	6/28/1999 12:25:00 PM
From: bobby beara	Read Replies (1) of 99985

Heinz, lets revisit this wave count, as Janus 20 is the premier growth stock fund, and the internets are the premier growth stocks, which continue to show weakness. bway.net I think this count is more validated by the speculative activity in the fifth wave of each of the three impulse waves. e-commerce mania of Thanksgiving, yahoo/amazon blow-offs of Jan 99 AOL blow-off and volume peak in April 99 Of course is this count is valid (which it did call the top of growth stocks in April when I first posted it) we don't know if this is the final count in a longer sequence ala Prechter or Katz or this is the first leg up of a new bull market that will bring us too much higher highs ala Wolonchuk and mini-chuk Bear King -g- Looking at the Morgan stanley cyclicals, i can make a case that we are in a fifth wave right now, which might end up being a failed fifth, if the oils break down here and gold does head toward $200, this world economic rebound may be another bear rally, like last Spring. bb

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