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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Les H who wrote (46459)	4/15/2000 10:37:00 AM
From: bobby beara	Read Replies (5) of 99985

>>>It's too bad they ran up the "old econ" stocks<<< stockcharts.com After yesterdays action, i may have to revise my wavecount on the nyse a/d line and start the sequence down from november 6th, 1998 instead of April 99, the completed wave down into early march being wave 3 down and this little rally in the nyse a/d is a bear flag and we should be in wave 5 down now (when the whole shebang - goes bang -g- and all the quality issues join the bear market party at the bottom). This little bottom in the a/d line had lots of people fooled that the market was broadening out (me too for a while) and changed acampoora to bullish from neatral on wsw elves. however the oscillator never made a real impulse to 250 area, and the summation index turned over yesterday making yet another lower low and i believe confirming the broad market is still in a bear market. They are just now on the news interviewing a high school kid next to his computer about the market slide, he says not to worry, just a normal correction - i feel much better now -ggg-

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