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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: Crimson Ghost who wrote (47929)	4/24/2000 8:50:00 PM
From: bobby beara	Read Replies (3) of 99985

George, the financial indexes since the 98 top have been a train wreck, gyrating faster than my pammy's behind, between bear market troughs and double tops or downtrending tops. Look at the BKX, and expanding fan from the 1999 double top, with declining tops and bottoms, somehow i dontz see this as a bottoming pattern, it just isn't kind to the eye -g- I believe that we are still in the pattern of arbitrage between the "old" and "new" economy stocks, but there will be a final cathartic flush where they all meet at the bottom. thats one reason i'm watching Mr. B's chart, he is mr. financial and mr. "old eco", and i don't like the mohawk he's wearin. b

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