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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.83

+0.6%

Dec 22 4:00 PM EST

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To: bobby beara who wrote (20856)	7/22/1999 7:47:00 PM
From: KM	Read Replies (2) of 99985

bb: I always know when the end of a downswing is near. Your posts increase exponentially <G> and you invoke various blood sucking characters (wasn't it Hannibal Lecter last time?) I pm'd Heinz with this last week but take a look at the Lucent chart of this year vs. last year. Last year, it broke out of a triangle 34 trading days before it topped in July (9th I believe). This year, it broke out of a triangle and topped 34 trading days later (July 16 if it has indeed topped, which it looks like it has). I'm betting on a tankola similar to last year's, which was not pretty. In fact, I think Lucent topped for the year of 1998 in July. bwdik

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