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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 674.96+0.9%Nov 25 4:00 PM EST

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To: Les H who wrote (24814)9/3/1999 2:00:00 PM
From: pater tenebrarum  Read Replies (1) of 99985
 
Les,perfect h&s... it's certainly possible that a similar scenario plays out this time around...as i said, the mania hangs on a thread. what's different this time however, is that we are near the top of the most extreme advance in history and the a/d divergence is far worse than in '62. it would be surprising to me if we didn't see a final, extremely narrow blow-off rally. i have always believed that this mania is destined to surpass all excesses that have been seen previously...of course that's mostly a gut feeling, for which i apologize...<g>

regards,

hb
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