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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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Nov 19 4:00 PM EST

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To: pater tenebrarum who wrote (20590)	7/20/1999 4:26:00 PM
From: bobby beara	Read Replies (2) of 99985

>>>as i have remarked before, neither the breadth indicators nor the NH/NL were in bull market status during almost the entire advance from october. the sentimentindicators otoh were regularly at extremes not seen since '87<<< 3rd waves are characterised by powerful market breadth (there were many days of 3-1 and 4-1 positive breadth back in the mid 80's) 5th waves are characterized by weak market breadth and high level of market participation. Again stand on your head, the MSFT weekly chart upside down looks like selling is running out of momentum and volume and the break below support and reversal --- bear trap --- Now go back to biped -g-

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