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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST

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To: pater tenebrarum who wrote (29215)10/12/1999 6:58:00 PM
From: bobby beara  Read Replies (2) of 99985
 
Heinz the sentiment has not really become bearish as people think, investment advisors have only gone back to normal bull market readings, when we see the kind of readings we saw last october we will hit bottom.

I keep seeing week after week on Chucklereyser one giddy bullish money manager after the next even in the face of a dow theory sell signal = DUH! -=g=-

The ABC wave count from the spx top is intact and if C=A we should be headed to the mid 1100's, however given the size of the top (topping base) it could go much farther.

The big rally in the CRB confirmed my wave 4 completion and we should now see a continuation of this vertical rally in commodities, which will put further pressure on bonds to break this trading range, the golds gave up some today, but i feel that gold will be part of this fifth wave rally in CRB.

I'm sending an spx chart to Haim.

bb
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