MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 19 4:00 PM EST

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To: Haim R. Branisteanu who wrote (51378)	5/20/2000 10:30:00 AM
From: Stephen M. DeMoss	Read Replies (4) of 99985

Haim, Seems to me all the analysis on this board is technical in nature. Isn't it true that at a market bottom, everything will be 'pointing down'? Seems to me that before the strong rally last Oct., it looked foolish to go long, as it does now. Rarely are bottoms 'clean and neat'. When the reversal comes, it ignores the ugly chart patterns etc. I am self-employeed and business is booming. If it is true that the economy is also very strong, it is implied that real wealth is being created. My 'non-technical' question remains, "WHAT DO WE DO WITH THIS WEALTH?" Because of the markets present trend, I am starting 2 new side businesses with the extra cash. However, they too should create more wealth. At some point the wealth that is being created HAS to be invested. Where are we to put it? I contend that the market will be the ultimate resting place for these monies and thus you have to be bullish on the future of the stock market. It is a real dilemma for those in business who have made monies that they have no use for. If this 'non-technical' aspect of the market is not considered, I think those short will be hurt badly eventually. You can't have both a strong 'overheating' economy and a crash in the markets (my contention). Thoughts? Steve D.

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