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Strategies & Market Trends : MDA - Market Direction Analysis

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To: pater tenebrarum who wrote (33343)	11/12/1999 10:34:00 PM
From: Stephen M. DeMoss	Read Replies (3) of 99985

Heinz, Is anyone ready to predict any short term top here? As I recall, no one predicted a short term bottom 3 weeks back when there was some fear in the market. I hear that if we get an increase Tuesday, we MIGHT see some selling as many now feel we may not need a raise. The NAZ seemed close today to selling off. The nets had a bad day and 1/4 before mostly bouncing. I still am concerned that the transports have not really participated, that the rally is mostly in several big names, and that the NAZ is now up some 40+ percent for the year. If the insanity is to continue, which stocks can handle another 5,10,20+ increase in price. Most that have carried us here are already sardines pricewise. I will step up and say the emperor has no clothes. That we are seeing a blow off here which is not true appreciation but rather SHORT COVERING! I suspect we will see some strong selling before the end of the year. Don't know what will prompt it but once it begins, people will not be able to get out quickly enough. Steve D.

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