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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 652.56-1.5%4:00 PM EST

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To: pater tenebrarum who wrote (19155)7/2/1999 10:20:00 AM
From: bobby beara  Read Replies (2) of 99985
 
Heinz, i don't believe that we will have a blow-off, because the crowd, both bulls and bears expect it.

The top has to fool the crowd.

the blow-off has been priced in, i believe today or after the holiday will be the top, i can count a minuette wave count on the xci that would allow another small leg up.

The inverted H&S pattern on the NUTZ is way too obvious and has got to fail (they do in bear markets -g-)

with so many people maniacally buying calls what should a contrarian duuuu?

-g-
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