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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: Matthew L. Jones who wrote (31136)10/22/1999 10:50:00 PM
From: HairBall  Read Replies (1) of 99985
 
Matt: Nice post. However, some of us on MDA have been saying much of the same thing for months...<g>

That is one of the reasons I have keep posting the Value Line Geometric Charts. Some on this thread have posted about the A/D line since last year. And some on this thread have posted about the narrowing of the number of issues leading the indices up. And some on this thread have posted about value stocks. So, while I am glad you have come to this realization and have begun to see the "big" picture, several on MDA beat you to it...<g>

I am not sure what will be the next mania, but their will be one. However please be aware, just as the glamour stocks have influenced sentiment on the way up, they will influence sentiment on the way down. As, always timing one's allocation shift will be "everything".

To All: Personal business took me away from the Markets about mid day yesterday. Hopefully I will be back full time by Wed or Thur of next week. I have managed to scan all the posts on MDA. A lot of good contributions as usual.

The bearish rising consolidation patterns on several of the major indices have required adjustments, but they are still in effect. Major resistance came into play near the close today.

I will try and post some charts and analysis later this weekend. I have been working on a new combination chart that will hopefully shed some light on where the Market is now!

Have a good weekend all...

Regards,
LG
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