MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: Stcgg who wrote (53325)	6/7/2000 9:31:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

if it is a fifth wave, it will imo turn into a failed fifth. as for p/c ratios and other sentiment indicators not working anymore, that's what all those buyers of NAZ stocks in early March thought as well...it didn't work for a week or two, and then it worked with a vengeance. same thing's going to happen again. i don't follow Eliades or Prechter...all i know is that Prechter is ALWAYS bearish, although he made a remarkable towel throw earlier this year, predicting 13K for the Dow. and there IS no new era...it's the old era in new clothes....<g>

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