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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+1.6%Nov 10 4:00 PM EST

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To: bobby beara who wrote (26307)9/19/1999 6:11:00 PM
From: Jerry Olson  Read Replies (2) of 99985
 
BB

just looked at the P&F charts for the DJBB and USZ9...

DJBB from the bottom needs .16 to reverse the trend up in a 3 box reversal to a copl of X;s.....and..the Dec Bond...

recently it formed a "BEARISH"<VBG> Triangle at 114.00, sold off to it's recent lows of 112.50..just now bounced off those lows and reversed up in a col. of X;s 5 boxes to 113.70..

NOW...at 114.20 we get a new BUY signal, with some minor resistance right at 114.50, at 114.70 THIS WOULD BE another buy signal BUT WITH LEGS...

next stop??? 116.20...if this senario would play itself out, your second chart would be perfect...TYX runs up toward 6.10 a lower high, reverses down as the right Shoulder, and takes a BIG dive to ?????

if we hit 116.20 then 5.50% is a serious target...

all in all...."IF" it happens, the market would already be at 12,000 in a blink of an eye...NAZ 3050..my target...and you can surmize all the other indexs ....

it happens for aure if AG plays nice.....:>}

earnings will be stellar again, AND i believe even better in the 4th Q and next year...growth at it's best...i feel there are major split announcements coming from the big boys along with super eps...witness SUNW BEFORE the eps date..bullish...watch for QCOM too...MSFT is ready to rock...i'm already in LU with a smile...AMZN has held 63 3 times now...and a crazy littel stock ETYS looks to test the old highs at 85 soon...

later & good luck
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