MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 677.48

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To: dennis michael patterson who wrote (43384)	3/16/2000 9:11:00 PM
From: bobby beara	Read Replies (2) of 99985

dennis, ya new era -g- securitytrader.com I had the feeling that this zig/zaggy move down off the jan top was corrective, not impulsive, i overstayed my welcome on the nas short side a little, but i made a bundle today on "old economy" stocks. The breakout is impressive, everything about it is impressive. The oex came down and retested the breakout from last october and went kaboom. The nyse made a double bottom into the inverted H&S pattern from october 98, while the advance decline line went kaboom and got so oversold it almost hit the 1994 low. It looks like the bear market that started in July 98 is over. b

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