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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: Terry Whitman who wrote (27278)	9/26/1999 12:04:00 AM
From: bobby beara	Read Replies (1) of 99985

TW thanks for the compliment, but i'd rather been known for my three stooges and a stumble chart or the Pammy anderson double gold cups -gggg-, i'm a biguns fan -g- I'm torn right now, we have a 6 year cycle bottom in commodities that looks happening. On the other hand we have what looks like the final world stock market topping out and we should be heading into a major worldwide deflationery cycle. I really don't trust bonds, i believe gold is a better bet here. We could have a failed H&S pattern on rates and continue the slide in bonds, i just don't know. the currency crapola is unraveling, hold dem gold. I have been eyeballing LG's OMC semilog chart from 74 and another wave guy i follow has defaulted the theory that we are in a fifth wave from the 87 crash, because of the length of the wave. However from LG's OMC chart, I believe from the 87 top we have and ABC ascending triangle where the 90 low (C) took out the bottom of the trendline setting up a major blow-off rally, wave 4 ended last fall and this is the top of wave 5 from the 1974 lows. From the 90 low is where the greater public became aware of the stock market and started speculating in it. It ain't the end of the world, just an end of a cycle, it's happened all thru history. bwdik

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