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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.38

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Nov 12 4:00 PM EST

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To: Casaubon who wrote (44281)	3/28/2000 7:58:00 PM
From: bobby beara	Read Replies (1) of 99985

>>>Sure. New business is apt to fail early in its life cycle<<< then why are investor paying up big time for ipo's like there is no tomorrow??? The good news, we had a 90% upside day and a big weekly move in the averages that usually portends to further upside. stockcharts.com the bad news, the nyse moved all the way back above the jan high, but the a/d line only recovered less than 15% of it's bear market move from the jan top, the mcCllellan oscillator failed at 150 and never established a upside breath initiation of 250 or higher. The NYSE may have completed 5 waves up from the bottom on friday, or that was the top of wave 3 and after this correction we should see another test of the highs. Wave counts suggest that the NDX should have another run to new highs after this correction, but it's hard to argue with security traders stick and trendline calls, also the nikkei and the hang seng have both rallied right into an uppertrendline in yesterdays trade. thats the way this stupid spekulator sees it, if we break tommorow hard the top is in. this is hard to understand that we would have a speculative peak in early march with screaming put/call ratios/rydex ratios, bb volume, rut top, then have a later high in the indexes. ohh well, just something to fool people. ssb

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