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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: Saulamanca who wrote (44307)3/29/2000 1:26:00 PM
From: HairBall  Read Replies (2) of 99985
 
Jim Bryan: Just checking my Email this AM and could not resist taking a look at the MDD posts. Thanks for your concern we are fine, no damages. I see some other post I would like to reply to, but I shall wait!

A quick note...

Mark Mobius <----- Made comments that the volatility in the high flying internet stocks may be forecasting a coming crash world wide in the sector. Losses could be as severe as 50 to 90%. (The above is paraphrased and has been done from memory after catching the tail end of a short blurb on CNN.)

Although my technical read ID'd Friday the 24th as at least a medium-term top, the following comments from AJC and Mobius have offered support after the fact. Obvious distribution was in play during the recent NAZ rallies. I am sure that AJC did not wait until after she made her announcement to reallocate.

My World Index posted early Monday AM revealed a decision point is/was at hand.

The COMPX is finding support once again at the Jan 00 Rising SRL having bounced once at it today and is now testing it a second time. A short-term Rising Support Line on the NAZ Emini has been holding so far today as well.

Charts to follow...

Regards,
LG
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